Fox Run Management L.L.C. Sells 2,819 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Fox Run Management L.L.C. decreased its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 44.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,554 shares of the construction company’s stock after selling 2,819 shares during the period. Fox Run Management L.L.C.’s holdings in Armstrong World Industries were worth $502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in Armstrong World Industries in the fourth quarter valued at approximately $1,908,000. American Century Companies Inc. boosted its holdings in shares of Armstrong World Industries by 13.1% in the 4th quarter. American Century Companies Inc. now owns 89,549 shares of the construction company’s stock valued at $12,656,000 after buying an additional 10,340 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Armstrong World Industries by 3,217.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 929 shares of the construction company’s stock valued at $131,000 after buying an additional 901 shares in the last quarter. Xponance Inc. increased its holdings in Armstrong World Industries by 9.8% during the fourth quarter. Xponance Inc. now owns 3,195 shares of the construction company’s stock worth $452,000 after buying an additional 284 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Armstrong World Industries during the fourth quarter worth $43,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. The Goldman Sachs Group boosted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Truist Financial raised their price objective 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. Finally, UBS Group boosted their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. 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, Armstrong World Industries currently has a consensus rating of “Hold” and a consensus price target of $153.33.

Armstrong World Industries Trading Down 0.1 %

Shares of AWI stock opened at $145.96 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company has a market cap of $6.34 billion, a PE ratio of 25.74, a P/E/G ratio of 1.60 and a beta of 1.25. The stock’s fifty day moving average price is $148.60 and its two-hundred day moving average price is $145.17.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The firm had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 earnings per share. Equities analysts predict 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 was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries’s payout ratio 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.