Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the construction company's stock after selling 40,000 shares during the period. Schwartz Investment Counsel Inc. owned 0.25% of Armstrong World Industries worth $10,815,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AWI. Signaturefd LLC boosted its holdings in shares of Armstrong World Industries by 182.0% during the 3rd quarter. Signaturefd LLC now owns 392 shares of the construction company's stock valued at $28,000 after buying an additional 253 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Armstrong World Industries during the 2nd quarter valued at $38,000. Covestor Ltd boosted its stake in Armstrong World Industries by 89.9% in the 1st quarter. Covestor Ltd now owns 1,272 shares of the construction company's stock worth $115,000 after purchasing an additional 602 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Armstrong World Industries by 19.2% in the 2nd quarter. SRS Capital Advisors Inc. now owns 1,846 shares of the construction company's stock worth $136,000 after purchasing an additional 297 shares in the last quarter. Finally, State of Wyoming boosted its stake in Armstrong World Industries by 296.5% in the 4th quarter. State of Wyoming now owns 2,347 shares of the construction company's stock worth $161,000 after purchasing an additional 1,755 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AWI shares. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Thursday, March 28th. The Goldman Sachs Group upped their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. UBS Group upgraded shares of Armstrong World Industries from a "sell" rating to a "neutral" rating and upped their price target for the stock from $75.00 to $103.00 in a research note on Thursday, January 4th. Finally, Truist Financial upped their price target on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.29.

Armstrong World Industries Stock Performance

AWI traded down $1.36 during midday trading on Tuesday, hitting $119.98. 296,210 shares of the company traded hands, compared to its average volume of 383,803. The company has a quick ratio of 1.07, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5.26 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.86 and a beta of 1.12. The company's 50-day moving average is $116.39 and its 200 day moving average is $96.52. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $125.56.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The business had revenue of $312.30 million for the quarter, compared to analysts' expectations of $305.44 million. During the same quarter in the prior year, the business earned $1.08 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts expect that Armstrong World Industries, Inc. will post 5.74 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries's payout ratio is currently 22.40%.

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.