Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,915,064 shares of the construction company's stock after selling 43,009 shares during the quarter. Armstrong World Industries makes up approximately 1.0% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 13th biggest holding. Fuller & Thaler Asset Management Inc. owned about 4.39% of Armstrong World Industries worth $270,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tealwood Asset Management Inc. increased its holdings in shares of Armstrong World Industries by 0.8% during the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock valued at $1,313,000 after acquiring an additional 71 shares in the last quarter. Arizona State Retirement System grew its position in Armstrong World Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after purchasing an additional 82 shares during the last quarter. Blue Trust Inc. increased its stake in Armstrong World Industries by 6.7% during the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after purchasing an additional 95 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Armstrong World Industries by 1.7% in the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock worth $865,000 after buying an additional 97 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Armstrong World Industries by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock worth $2,700,000 after buying an additional 120 shares during the period. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

AWI stock traded down $1.35 during trading on Monday, hitting $137.15. 111,593 shares of the company traded hands, compared to its average volume of 273,203. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The stock's 50-day simple moving average is $140.84 and its 200 day simple moving average is $145.97. The company has a market cap of $5.96 billion, a PE ratio of 24.18, a P/E/G ratio of 1.60 and a beta of 1.20.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same quarter last year, the business earned $1.22 earnings per share. The firm's revenue was up 17.7% on a year-over-year basis. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries's payout ratio is currently 20.40%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AWI shares. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Truist Financial raised their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. UBS Group upped 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. Finally, The Goldman Sachs Group raised their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Armstrong World Industries has an average rating of "Hold" and an average target price of $153.33.

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.