Jane Street Group LLC Has $4.06 Million Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Jane Street Group LLC reduced its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 54.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,719 shares of the construction company's stock after selling 34,794 shares during the period. 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 large investors have also added to or reduced their stakes in the company. Quent Capital LLC raised its position in shares of Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after buying an additional 170 shares in the last quarter. Twin Tree Management LP acquired a new position in Armstrong World Industries during the fourth quarter valued at approximately $43,000. Farther Finance Advisors LLC lifted its stake in Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after purchasing an additional 202 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Armstrong World Industries by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock valued at $80,000 after purchasing an additional 376 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in shares of Armstrong World Industries by 107.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 674 shares of the construction company's stock valued at $95,000 after purchasing an additional 349 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Analysts Set New Price Targets

AWI has been the subject of several recent analyst reports. UBS Group upped their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group increased their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Loop Capital decreased their price target on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. 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 research note on Thursday, February 27th. Finally, StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Armstrong World Industries presently has an average rating of "Hold" and a consensus target price of $157.57.

Armstrong World Industries Trading Up 0.8%

NYSE AWI traded up $1.35 during trading hours on Friday, reaching $160.28. The company's stock had a trading volume of 24,414 shares, compared to its average volume of 314,332. The firm has a fifty day simple moving average of $141.01 and a 200-day simple moving average of $147.02. 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 52 week low of $110.68 and a 52 week high of $164.40. The stock has a market cap of $6.96 billion, a P/E ratio of 28.27, 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 quarterly earnings results 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 firm had revenue of $382.70 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS. Equities analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries's payout ratio is presently 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.