Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI) by 90.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,224 shares of the construction company’s stock after selling 11,768 shares during the period. SG Americas Securities LLC’s holdings in Armstrong World Industries were worth $120,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Armstrong World Industries by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,245,468 shares of the construction company’s stock valued at $305,674,000 after acquiring an additional 51,504 shares during the period. Citigroup Inc. boosted its stake in Armstrong World Industries by 13.4% in the third quarter. Citigroup Inc. now owns 16,664 shares of the construction company’s stock valued at $1,200,000 after acquiring an additional 1,967 shares during the period. American Century Companies Inc. boosted its stake in Armstrong World Industries by 22.4% in the third quarter. American Century Companies Inc. now owns 26,186 shares of the construction company’s stock valued at $1,885,000 after acquiring an additional 4,790 shares during the period. Tudor Investment Corp Et Al boosted its stake in Armstrong World Industries by 35.4% in the third quarter. Tudor Investment Corp Et Al now owns 99,666 shares of the construction company’s stock valued at $7,176,000 after acquiring an additional 26,047 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Armstrong World Industries in the third quarter valued at approximately $426,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group upgraded Armstrong World Industries from a “sell” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Truist Financial boosted their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.29.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $113.81 on Friday. Armstrong World Industries, Inc. has a 12 month low of $62.03 and a 12 month high of $125.56. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.77 and a beta of 1.12. The stock’s 50 day moving average price is $118.83 and its 200 day moving average price is $98.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, February 20th. The construction company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The firm had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $305.44 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 5.74 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.12 annualized dividend and a yield of 0.98%. Armstrong World Industries’s payout ratio is 22.40%.

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.