New York State Common Retirement Fund Sells 4,144 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

New York State Common Retirement Fund lessened its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,621 shares of the construction company’s stock after selling 4,144 shares during the quarter. New York State Common Retirement Fund’s holdings in Armstrong World Industries were worth $2,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AWI. Signaturefd LLC raised its position in shares of Armstrong World Industries by 182.0% in the 3rd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock valued at $28,000 after acquiring an additional 253 shares during the period. SRS Capital Advisors Inc. raised its holdings in Armstrong World Industries by 19.7% in the third quarter. SRS Capital Advisors Inc. now owns 2,209 shares of the construction company’s stock worth $159,000 after purchasing an additional 363 shares during the period. Mackenzie Financial Corp acquired a new stake in Armstrong World Industries in the third quarter worth $224,000. Legato Capital Management LLC bought a new position in shares of Armstrong World Industries during the fourth quarter worth $224,000. Finally, JB Capital LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at $229,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Down 0.5 %

NYSE AWI opened at $116.25 on Wednesday. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $125.56. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.79. The stock’s 50 day moving average price is $119.72 and its two-hundred day moving average price is $103.17. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.74 and a beta of 1.12.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.15. The business had revenue of $326.30 million for the quarter, compared to analyst estimates of $319.44 million. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, analysts anticipate that Armstrong World Industries, Inc. will post 5.89 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, May 8th. Armstrong World Industries’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AWI shares. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Evercore ISI increased their target price on Armstrong World Industries from $117.00 to $119.00 and gave the stock an “in-line” rating in a research note on Wednesday, May 1st. Truist Financial lifted their price target on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, UBS Group increased their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $110.17.

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.