Two Sigma Advisers LP Reduces Position in Armstrong World Industries, Inc. (NYSE:AWI)

Two Sigma Advisers LP decreased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,800 shares of the construction company's stock after selling 2,300 shares during the period. Two Sigma Advisers LP's holdings in Armstrong World Industries were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Madison Investment Advisors LLC purchased a new position in shares of Armstrong World Industries in the fourth quarter worth $75,242,000. Norges Bank purchased a new position in shares of Armstrong World Industries in the fourth quarter worth $71,822,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Armstrong World Industries by 140.4% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock worth $94,126,000 after buying an additional 389,000 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Armstrong World Industries by 267.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after buying an additional 387,537 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Armstrong World Industries by 25.4% in the fourth quarter. Invesco Ltd. now owns 507,843 shares of the construction company's stock worth $71,773,000 after buying an additional 102,895 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on AWI shares. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. UBS Group raised their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Truist Financial raised 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. Loop Capital reduced their target price on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Finally, Bank of America lifted their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Armstrong World Industries presently has an average rating of "Hold" and an average target price of $157.57.

Armstrong World Industries Stock Performance

AWI traded down $0.09 on Friday, reaching $154.94. The stock had a trading volume of 27,506 shares, compared to its average volume of 273,439. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The business's 50-day moving average price is $145.35 and its two-hundred day moving average price is $147.77. The company has a market cap of $6.73 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36.

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, beating the consensus estimate of $1.55 by $0.11. The business had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company's revenue was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. Sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid 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 dividend yield of 0.80%. 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.