Jupiter Asset Management Ltd. Trims Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Jupiter Asset Management Ltd. trimmed its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 12.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 195,136 shares of the construction company’s stock after selling 27,639 shares during the period. Jupiter Asset Management Ltd.’s holdings in Armstrong World Industries were worth $27,579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. lifted its stake in shares of Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Armstrong World Industries by 4.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after buying an additional 76 shares during the period. US Bancorp DE raised its holdings in Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after buying an additional 82 shares during the period. Arizona State Retirement System lifted its position in Armstrong World Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock valued at $1,792,000 after buying an additional 82 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Armstrong World Industries by 6.7% during the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock worth $215,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $139.79 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The firm has a market cap of $6.08 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company’s 50 day moving average is $148.71 and its two-hundred day moving average is $143.94.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data 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. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. During the same period last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s payout ratio is presently 20.40%.

Analyst Ratings Changes

AWI has been the topic of a number of research analyst reports. UBS Group boosted their price target 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. Truist Financial boosted their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group lifted their price objective 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $153.33.

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.