Xponance Inc. Sells 106 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Xponance Inc. decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,766 shares of the construction company’s stock after selling 106 shares during the quarter. Xponance Inc.’s holdings in Armstrong World Industries were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Armstrong World Industries by 1.2% during the third quarter. Vanguard Group Inc. now owns 4,245,468 shares of the construction company’s stock worth $305,674,000 after acquiring an additional 51,504 shares during the last quarter. London Co. of Virginia lifted its position in Armstrong World Industries by 1.7% during the third quarter. London Co. of Virginia now owns 2,622,900 shares of the construction company’s stock valued at $188,849,000 after purchasing an additional 45,095 shares during the last quarter. River Road Asset Management LLC lifted its position in Armstrong World Industries by 2.1% during the third quarter. River Road Asset Management LLC now owns 2,079,825 shares of the construction company’s stock valued at $149,747,000 after purchasing an additional 42,927 shares during the last quarter. FMR LLC lifted its position in Armstrong World Industries by 25.9% during the third quarter. FMR LLC now owns 1,625,940 shares of the construction company’s stock valued at $117,068,000 after purchasing an additional 334,065 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in Armstrong World Industries by 3.4% during the third quarter. Burgundy Asset Management Ltd. now owns 1,104,238 shares of the construction company’s stock valued at $79,505,000 after purchasing an additional 36,788 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial increased their price objective on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $103.00 in a research report on Thursday, January 4th. Finally, The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.60.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $116.98 on Friday. The firm has a 50-day moving average price of $120.09 and a 200-day moving average price of $100.76. The firm has a market capitalization of $5.12 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.77 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. 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) last released its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The firm had revenue of $312.30 million during the quarter, compared to analyst estimates of $305.44 million. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. As a group, equities research analysts forecast that Armstrong World Industries, Inc. will post 5.74 EPS for the current year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio is presently 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.