Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,139 shares of the construction company’s stock after selling 1,167 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.06% of Armstrong World Industries worth $3,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings in shares of Armstrong World Industries by 7.3% during the third quarter. Citigroup Inc. now owns 32,697 shares of the construction company’s stock worth $4,297,000 after purchasing an additional 2,215 shares during the period. Cerity Partners LLC lifted its stake in Armstrong World Industries by 31.1% during the 3rd quarter. Cerity Partners LLC now owns 17,038 shares of the construction company’s stock valued at $2,239,000 after acquiring an additional 4,044 shares during the period. Bank of Montreal Can boosted its holdings in shares of Armstrong World Industries by 166.2% in the 3rd quarter. Bank of Montreal Can now owns 48,963 shares of the construction company’s stock valued at $6,417,000 after acquiring an additional 30,570 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Armstrong World Industries by 196.1% in the third quarter. Quantbot Technologies LP now owns 5,389 shares of the construction company’s stock worth $708,000 after acquiring an additional 3,569 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Armstrong World Industries by 89.2% during the third quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock worth $1,447,000 after purchasing an additional 5,191 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

AWI has been the topic of several recent research reports. StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Truist Financial upped their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. UBS Group raised their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group upped their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Armstrong World Industries has a consensus rating of “Hold” and an average target price of $153.33.

Armstrong World Industries Stock Performance

NYSE AWI opened at $139.49 on Monday. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.60 and a beta of 1.25. The stock has a 50-day moving average of $148.27 and a 200 day moving average of $145.62. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. During the same period in the prior year, the company posted $1.22 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.88%. Armstrong World Industries’s dividend 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.