Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Timucuan Asset Management Inc. FL

Timucuan Asset Management Inc. FL lowered its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 924,278 shares of the construction company’s stock after selling 2,398 shares during the period. Armstrong World Industries accounts for about 4.0% of Timucuan Asset Management Inc. FL’s portfolio, making the stock its 14th biggest position. Timucuan Asset Management Inc. FL’s holdings in Armstrong World Industries were worth $130,628,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AWI. ORG Wealth Partners LLC acquired a new stake in shares of Armstrong World Industries in the 4th quarter worth about $32,000. Quent Capital LLC raised its holdings in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after buying an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at approximately $33,000. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $43,000. Finally, Farther Finance Advisors LLC grew its holdings in Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock worth $60,000 after buying an additional 202 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Down 2.0 %

NYSE AWI opened at $132.87 on Friday. The company has a market capitalization of $5.77 billion, a P/E ratio of 23.43, a PEG ratio of 1.60 and a beta of 1.20. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. 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 company’s 50 day simple moving average is $144.74 and its 200 day simple moving average is $145.76.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The company had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.308 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.93%. Armstrong World Industries’s dividend payout ratio is currently 20.40%.

Analyst Ratings Changes

Several equities analysts have commented on AWI shares. UBS Group raised their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Truist Financial boosted their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $153.33.

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.