Jane Street Group LLC Sells 34,794 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Jane Street Group LLC reduced its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 54.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,719 shares of the construction company's stock after selling 34,794 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Armstrong World Industries worth $4,059,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. The Goldman Sachs Group increased their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. 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 note on Wednesday, February 26th. Loop Capital cut their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, Truist Financial increased their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $155.50.

Armstrong World Industries Trading Up 0.9%

NYSE:AWI traded up $1.40 during trading hours on Tuesday, hitting $157.83. The stock had a trading volume of 250,927 shares, compared to its average volume of 276,721. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40. The business's 50 day moving average is $140.57 and its 200-day moving average is $146.80. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.60 and a beta of 1.36.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced 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 business had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. During the same quarter last year, the firm earned $1.38 EPS. Armstrong World Industries's revenue for the quarter was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, May 8th. 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.