Natixis Advisors L.P. Has $22.26 Million Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Natixis Advisors L.P. cut its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,446 shares of the construction company’s stock after selling 1,726 shares during the quarter. Natixis Advisors L.P. owned 0.51% of Armstrong World Industries worth $22,264,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AWI. Vanguard Group Inc. boosted its stake in Armstrong World Industries by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,245,468 shares of the construction company’s stock worth $305,674,000 after purchasing an additional 51,504 shares during the period. London Co. of Virginia boosted its position in Armstrong World Industries by 1.7% during the 3rd quarter. London Co. of Virginia now owns 2,622,900 shares of the construction company’s stock worth $188,849,000 after acquiring an additional 45,095 shares during the period. River Road Asset Management LLC increased its holdings in shares of Armstrong World Industries by 2.1% in the 3rd quarter. River Road Asset Management LLC now owns 2,079,825 shares of the construction company’s stock valued at $149,747,000 after purchasing an additional 42,927 shares during the period. FMR LLC lifted its position in shares of Armstrong World Industries by 25.9% in the third quarter. FMR LLC now owns 1,625,940 shares of the construction company’s stock worth $117,068,000 after purchasing an additional 334,065 shares in the last quarter. Finally, Cooke & Bieler LP lifted its position in shares of Armstrong World Industries by 10.2% in the fourth quarter. Cooke & Bieler LP now owns 1,316,653 shares of the construction company’s stock worth $129,453,000 after purchasing an additional 121,586 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Up 0.4 %

Shares of NYSE AWI opened at $115.61 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. Armstrong World Industries, Inc. has a 12-month low of $62.03 and a 12-month high of $125.56. The firm’s 50-day simple moving average is $119.97 and its 200 day simple moving average is $102.51.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.23 by $0.15. The business had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $319.44 million. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. Armstrong World Industries’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. On average, research analysts expect that Armstrong World Industries, Inc. will post 5.89 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a $0.28 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.12 dividend on an annualized basis and a yield of 0.97%. Armstrong World Industries’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

AWI has been the topic of a number of research reports. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Truist Financial raised their price target on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Evercore ISI boosted their price objective on Armstrong World Industries from $117.00 to $119.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. UBS Group raised their target price on Armstrong World Industries from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Armstrong World Industries from $111.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $110.17.

Armstrong World Industries Company 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.