Armstrong World Industries, Inc. (NYSE:AWI) Stock Holdings Lessened by London Co. of Virginia

London Co. of Virginia lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,798,807 shares of the construction company's stock after selling 19,625 shares during the period. Armstrong World Industries comprises approximately 2.2% of London Co. of Virginia's holdings, making the stock its 7th largest holding. London Co. of Virginia owned about 6.42% of Armstrong World Industries worth $395,555,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Armstrong World Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock valued at $656,922,000 after buying an additional 34,579 shares during the period. Geode Capital Management LLC boosted its position in Armstrong World Industries by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock valued at $125,444,000 after purchasing an additional 35,738 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Armstrong World Industries by 140.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after purchasing an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Armstrong World Industries by 267.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after purchasing an additional 387,537 shares in the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in Armstrong World Industries during the fourth quarter valued at about $75,242,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AWI shares. The Goldman Sachs Group raised their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Bank of America raised their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday. Truist Financial raised their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. UBS Group raised their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Finally, StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $157.57.

Armstrong World Industries Price Performance

NYSE AWI traded up $1.23 during mid-day trading on Friday, hitting $160.16. The stock had a trading volume of 213,620 shares, compared to its average volume of 276,361. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm's 50 day moving average is $141.38 and its 200 day moving average is $147.15. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40.

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, topping the consensus estimate of $1.55 by $0.11. The firm had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. Armstrong World Industries's revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. Equities research 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 will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) 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.