Armstrong World Industries, Inc. $AWI Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 2.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,402 shares of the construction company’s stock after selling 71 shares during the period. Inspire Investing LLC’s holdings in Armstrong World Industries were worth $390,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC raised its position in Armstrong World Industries by 5.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company’s stock worth $221,000 after acquiring an additional 84 shares during the period. Bridges Investment Management Inc. raised its position in Armstrong World Industries by 3.4% during the first quarter. Bridges Investment Management Inc. now owns 3,027 shares of the construction company’s stock worth $426,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC raised its position in Armstrong World Industries by 28.9% during the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after acquiring an additional 103 shares during the period. Algert Global LLC raised its position in Armstrong World Industries by 1.7% during the first quarter. Algert Global LLC now owns 6,730 shares of the construction company’s stock worth $948,000 after acquiring an additional 110 shares during the period. Finally, Cetera Investment Advisers raised its position in Armstrong World Industries by 3.2% during the first quarter. Cetera Investment Advisers now owns 4,136 shares of the construction company’s stock worth $583,000 after acquiring an additional 127 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $198.77 on Wednesday. Armstrong World Industries, Inc. has a 12-month low of $122.37 and a 12-month high of $201.72. The stock has a market cap of $8.60 billion, a P/E ratio of 29.40, a PEG ratio of 1.96 and a beta of 1.45. The company has a 50-day moving average price of $195.26 and a 200 day moving average price of $168.61. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The firm had revenue of $325.00 million during the quarter. Sell-side 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 was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 7th. Armstrong World Industries’s dividend payout ratio (DPR) is 18.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AWI shares. Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Truist Financial increased their target price on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Bank of America increased their target price on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Evercore ISI increased their target price on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.14.

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.