Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP cut its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 499,870 shares of the construction company’s stock after selling 25,110 shares during the period. Cooke & Bieler LP’s holdings in Armstrong World Industries were worth $70,647,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Armstrong World Industries by 3.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,488 shares of the construction company’s stock valued at $1,482,000 after acquiring an additional 368 shares during the period. Inceptionr LLC increased its position in shares of Armstrong World Industries by 55.1% in the 4th quarter. Inceptionr LLC now owns 9,827 shares of the construction company’s stock valued at $1,389,000 after acquiring an additional 3,492 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at $8,375,000. Arizona State Retirement System increased its position in shares of Armstrong World Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock valued at $1,792,000 after acquiring an additional 82 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at $4,135,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AWI. StockNews.com downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. The Goldman Sachs Group upped their target price 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. Truist Financial increased their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, UBS Group increased their price target 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $153.33.

Armstrong World Industries Price Performance

Shares of AWI opened at $143.73 on Tuesday. The business’s 50-day moving average is $148.74 and its two-hundred day moving average is $143.86. 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 fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company has a market capitalization of $6.25 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same period in the prior year, the company posted $1.22 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio is presently 20.40%.

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.