Advantage Alpha Capital Partners LP Cuts Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Advantage Alpha Capital Partners LP reduced its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 39.1% in the fourth quarter, HoldingsChannel reports. The firm owned 24,954 shares of the construction company’s stock after selling 15,988 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Armstrong World Industries were worth $3,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in 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 worth $656,922,000 after acquiring an additional 34,579 shares during the last quarter. State Street Corp boosted its position in Armstrong World Industries by 3.7% in the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after buying an additional 51,839 shares during the period. Geode Capital Management LLC grew its stake in Armstrong World Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after purchasing an additional 34,028 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in Armstrong World Industries during the 4th quarter worth $75,242,000. Finally, Natixis Advisors LLC raised its position in Armstrong World Industries by 5.5% during the 4th quarter. Natixis Advisors LLC now owns 519,388 shares of the construction company’s stock valued at $73,405,000 after purchasing an additional 27,275 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AWI. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. UBS Group boosted their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Truist Financial upped their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Five research 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 stock presently has an average rating of “Hold” and a consensus target price of $153.33.

Armstrong World Industries Trading Down 0.1 %

Shares of Armstrong World Industries stock opened at $140.88 on Monday. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The stock has a market cap of $6.12 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.60 and a beta of 1.25. 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 stock’s 50 day simple moving average is $148.54 and its 200-day simple moving average is $144.83.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The business 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 revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. Analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.308 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.87%. Armstrong World Industries’s payout ratio is 20.40%.

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.