Sei Investments Co. Lowers Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Sei Investments Co. cut its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,418 shares of the construction company’s stock after selling 1,985 shares during the quarter. Sei Investments Co. owned about 0.21% of Armstrong World Industries worth $12,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AWI. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries during the 4th quarter worth about $32,000. Quent Capital LLC raised its stake in Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after purchasing an additional 170 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at $33,000. Twin Tree Management LP purchased a new stake in shares of Armstrong World Industries during the 4th quarter valued at $43,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth $47,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Armstrong World Industries Stock Performance

Shares of NYSE:AWI opened at $139.49 on Friday. The business’s 50-day simple moving average is $148.27 and its 200 day simple moving average is $145.29. The company has a market cap of $6.06 billion, a P/E ratio of 24.60, a PEG ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 earnings per share. On average, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.88%. Armstrong World Industries’s payout ratio is currently 20.40%.

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.