SG Americas Securities LLC Decreases Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

SG Americas Securities LLC trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 23.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,547 shares of the construction company's stock after selling 1,681 shares during the period. SG Americas Securities LLC's holdings in Armstrong World Industries were worth $781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Twin Tree Management LP purchased a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $43,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Armstrong World Industries by 652.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Armstrong World Industries during the 1st quarter valued at approximately $54,000. Farther Finance Advisors LLC increased its position 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 during the last quarter. Finally, Smartleaf Asset Management LLC increased its position 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 during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AWI has been the topic of several analyst reports. UBS Group boosted their target price on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Bank of America boosted their target price on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Truist Financial boosted their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group boosted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $151.10 on Friday. The stock's fifty day moving average is $149.19 and its two-hundred day moving average is $147.35. The company has a market capitalization of $6.56 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.67. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.55 by $0.11. The company had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. Armstrong World Industries's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 EPS. As a group, analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is presently 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.

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