Armstrong World Industries, Inc. (NYSE:AWI) Stock Position Lessened by London Co. of Virginia

London Co. of Virginia lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,798,807 shares of the construction company’s stock after selling 19,625 shares during the quarter. Armstrong World Industries comprises about 2.2% of London Co. of Virginia’s investment portfolio, making the stock its 7th biggest holding. London Co. of Virginia owned 0.06% of Armstrong World Industries worth $395,555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Armstrong World Industries by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company’s stock valued at $656,922,000 after acquiring an additional 34,579 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Armstrong World Industries by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company’s stock worth $125,444,000 after purchasing an additional 35,738 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in shares of Armstrong World Industries by 140.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company’s stock worth $94,126,000 after purchasing an additional 389,000 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of Armstrong World Industries by 267.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company’s stock worth $75,273,000 after purchasing an additional 387,537 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $75,242,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

NYSE AWI opened at $152.50 on Monday. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.60 and a beta of 1.36. The company’s 50 day moving average is $140.31 and its two-hundred day moving average is $146.58. 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 (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 net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AWI shares. The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Truist Financial increased their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. UBS Group increased their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Loop Capital decreased their target price on shares of Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Armstrong World Industries currently has an average rating of “Hold” and an average price target of $155.50.

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.