Jackson Creek Investment Advisors LLC Sells 367 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Jackson Creek Investment Advisors LLC lowered its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,870 shares of the construction company’s stock after selling 367 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Armstrong World Industries were worth $1,678,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in shares of Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after buying an additional 67,798 shares during the period. Quest Partners LLC boosted its holdings in Armstrong World Industries by 32.9% in the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after acquiring an additional 4,945 shares during the last quarter. Geode Capital Management LLC increased its position in Armstrong World Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after purchasing an additional 34,028 shares during the period. BNP Paribas Financial Markets increased its position in Armstrong World Industries by 89.2% in 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 period. Finally, Verition Fund Management LLC bought a new stake in Armstrong World Industries during the 3rd quarter worth about $1,035,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 2.6 %

Shares of NYSE AWI opened at $148.64 on Friday. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a market cap of $6.46 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.60 and a beta of 1.19. The firm has a 50 day moving average price of $148.51 and a 200 day moving average price of $143.19.

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

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.308 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.83%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 20.40%.

Analyst Ratings Changes

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

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.