Two Sigma Advisers LP Has $678,000 Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Two Sigma Advisers LP lowered its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Principal Securities Inc. boosted its position in Armstrong World Industries by 11.1% in 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 lifted its stake in shares of Armstrong World Industries by 8.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock valued at $874,000 after acquiring an additional 456 shares during the period. Blue Trust Inc. boosted its holdings in Armstrong World Industries by 11.4% in the fourth quarter. Blue Trust Inc. now owns 1,591 shares of the construction company's stock valued at $209,000 after acquiring an additional 163 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Armstrong World Industries by 7.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company's stock valued at $1,069,000 after acquiring an additional 555 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Armstrong World Industries in the fourth quarter worth about $463,000. Institutional investors own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AWI. Bank of America upped their target price on shares of 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 increased their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. UBS Group raised their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Loop Capital dropped 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 research report on Wednesday, April 30th. Finally, Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Armstrong World Industries has an average rating of "Hold" and a consensus price target of $157.57.

Armstrong World Industries Trading Down 0.1%

Shares of AWI stock traded down $0.22 on Friday, hitting $154.80. The stock had a trading volume of 166,944 shares, compared to its average volume of 273,476. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a fifty day moving average price of $145.62 and a two-hundred day moving average price of $147.78. The firm has a market cap of $6.72 billion, a P/E ratio of 27.30, a PEG ratio of 1.60 and a beta of 1.36.

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

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 yield of 0.80%. Armstrong World Industries's payout ratio is 19.68%.

Armstrong World Industries Company 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.