Man Group plc Sells 10,311 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Man Group plc decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 26.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,093 shares of the construction company's stock after selling 10,311 shares during the period. Man Group plc owned approximately 0.06% of Armstrong World Industries worth $3,970,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quent Capital LLC boosted its stake in shares of Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $43,000. Farther Finance Advisors LLC boosted its stake in shares of Armstrong World Industries by 90.2% during the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after purchasing an additional 202 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Armstrong World Industries by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock valued at $80,000 after purchasing an additional 376 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $114,000. Institutional investors own 98.93% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on AWI. Loop Capital dropped their price objective on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group boosted their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Bank of America boosted their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. UBS Group boosted their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, Truist Financial lifted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Stock Performance

Shares of AWI traded up $3.27 during mid-day trading on Tuesday, hitting $157.70. 196,154 shares of the company traded hands, compared to its average volume of 275,881. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a 50-day moving average price of $143.66 and a two-hundred day moving average price of $147.66. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.60 and a beta of 1.36.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business had revenue of $382.70 million during the quarter, compared to analysts' expectations of $370.71 million. During the same period in the prior year, the company earned $1.38 earnings per share. The firm's revenue was up 17.3% on a year-over-year basis. Equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.308 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a yield of 0.78%. Armstrong World Industries's dividend payout ratio is currently 19.68%.

About Armstrong World Industries

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.