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

Nuveen Asset Management LLC lessened its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,684 shares of the construction company’s stock after selling 17,702 shares during the quarter. Nuveen Asset Management LLC owned about 0.23% of Armstrong World Industries worth $13,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AWI. Quent Capital LLC raised its position in Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after purchasing an additional 170 shares during the period. Twin Tree Management LP purchased a new stake in Armstrong World Industries in the fourth quarter valued at $43,000. Farther Finance Advisors LLC raised its position in Armstrong World Industries by 90.2% in the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock valued at $60,000 after purchasing an additional 202 shares during the period. Smartleaf Asset Management LLC raised its position in Armstrong World Industries by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company’s stock valued at $80,000 after purchasing an additional 376 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in Armstrong World Industries in the fourth quarter valued at $114,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AWI. The Goldman Sachs Group lifted 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 lifted their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Bank of America lifted their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, UBS Group lifted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Five 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, Armstrong World Industries has an average rating of “Hold” and an average target price of $157.57.

Armstrong World Industries Trading Down 0.5%

Shares of NYSE AWI opened at $154.40 on Monday. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $143.10 and a 200-day simple moving average of $147.58. The stock has a market capitalization of $6.71 billion, a PE ratio of 27.23, a PEG ratio of 1.60 and a beta of 1.36.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $382.70 million during the quarter, compared to analysts’ expectations of $370.71 million. During the same period in the previous year, the firm posted $1.38 EPS. Armstrong World Industries’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.23 annualized dividend and a yield of 0.80%. Armstrong World Industries’s payout ratio is 19.68%.

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.