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

Timucuan Asset Management Inc. FL lowered its position in Armstrong World Industries, Inc. (NYSE:AWI) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 924,278 shares of the construction company’s stock after selling 2,398 shares during the quarter. Armstrong World Industries accounts for 4.0% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 14th biggest position. Timucuan Asset Management Inc. FL owned 2.12% of Armstrong World Industries worth $130,628,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AWI. ORG Wealth Partners LLC purchased a new position in Armstrong World Industries in the fourth quarter valued at approximately $32,000. Quent Capital LLC boosted its position in Armstrong World Industries by 288.1% during the 4th 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 purchased a new position in Armstrong World Industries in the fourth quarter valued at about $33,000. Twin Tree Management LP purchased a new position in Armstrong World Industries in the fourth quarter valued at about $43,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock worth $60,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Armstrong World Industries Stock Down 2.0 %

Shares of NYSE:AWI opened at $132.87 on Friday. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-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 firm has a market cap of $5.77 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The company has a fifty day simple moving average of $144.74 and a 200 day simple moving average of $145.76.

Armstrong World Industries (NYSE:AWI) last released 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. The company had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 EPS. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.93%. Armstrong World Industries’s dividend payout ratio (DPR) is 20.40%.

About Armstrong World Industries

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.