Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 90.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,224 shares of the construction company's stock after selling 11,768 shares during the period. SG Americas Securities LLC's holdings in Armstrong World Industries were worth $120,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Armstrong World Industries by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,245,468 shares of the construction company's stock valued at $305,674,000 after purchasing an additional 51,504 shares during the period. Citigroup Inc. raised its stake in Armstrong World Industries by 13.4% during the 3rd quarter. Citigroup Inc. now owns 16,664 shares of the construction company's stock valued at $1,200,000 after purchasing an additional 1,967 shares during the period. American Century Companies Inc. raised its stake in Armstrong World Industries by 22.4% during the 3rd quarter. American Century Companies Inc. now owns 26,186 shares of the construction company's stock valued at $1,885,000 after purchasing an additional 4,790 shares during the period. Tudor Investment Corp Et Al raised its stake in Armstrong World Industries by 35.4% during the 3rd quarter. Tudor Investment Corp Et Al now owns 99,666 shares of the construction company's stock valued at $7,176,000 after purchasing an additional 26,047 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in Armstrong World Industries during the 3rd quarter valued at approximately $426,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWI has been the topic of several recent analyst reports. UBS Group raised Armstrong World Industries from a "sell" rating to a "neutral" rating and lifted their target price for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. Truist Financial lifted their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.29.

Armstrong World Industries Trading Up 0.1 %

Shares of NYSE AWI traded up $0.13 during trading hours on Friday, hitting $113.98. 216,233 shares of the company traded hands, compared to its average volume of 372,484. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 0.99. The company's 50 day moving average price is $119.01 and its 200 day moving average price is $99.00. Armstrong World Industries, Inc. has a 12 month low of $62.03 and a 12 month high of $125.56.

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

Armstrong World Industries Announces Dividend

The business also recently announced 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 0.98%. The ex-dividend date of this dividend was Wednesday, February 28th. Armstrong World Industries's dividend payout ratio is currently 22.40%.

Armstrong World Industries Company 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.