Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 23.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,547 shares of the construction company's stock after selling 1,681 shares during the quarter. SG Americas Securities LLC's holdings in Armstrong World Industries were worth $781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Armstrong World Industries during the 4th quarter valued at about $2,326,000. Principal Securities Inc. raised its stake in shares of Armstrong World Industries by 11.1% during the 4th quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock valued at $389,000 after buying an additional 274 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Armstrong World Industries by 8.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock valued at $874,000 after buying an additional 456 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Armstrong World Industries by 48.8% during the 4th quarter. Deutsche Bank AG now owns 39,402 shares of the construction company's stock valued at $5,569,000 after buying an additional 12,927 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Armstrong World Industries by 7.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company's stock valued at $1,069,000 after buying an additional 555 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Truist Financial lifted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Bank of America lifted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, UBS Group lifted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Price Performance

AWI stock traded up $4.14 during trading on Monday, hitting $156.32. The stock had a trading volume of 241,191 shares, compared to its average volume of 274,367. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The stock has a market capitalization of $6.79 billion, a P/E ratio of 25.01, a PEG ratio of 1.92 and a beta of 1.38. The company's 50-day moving average price is $149.97 and its two-hundred day moving average price is $147.12.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.11. The company had revenue of $382.70 million for the quarter, compared to analysts' expectations 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 revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS. As a group, research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Thursday, May 8th. Armstrong World Industries's dividend payout ratio is currently 19.68%.

Armstrong World Industries Profile

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.