Quadrature Capital Ltd Decreases Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Quadrature Capital Ltd trimmed its stake in shares of Armstrong World Industries, Inc. (NYSE:AWIFree Report) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,366 shares of the construction company’s stock after selling 1,870 shares during the period. Quadrature Capital Ltd’s holdings in Armstrong World Industries were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Armstrong World Industries during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new position in shares of Armstrong World Industries during the fourth quarter valued at approximately $49,000. SRS Capital Advisors Inc. raised its holdings in shares of Armstrong World Industries by 19.7% during the third quarter. SRS Capital Advisors Inc. now owns 2,209 shares of the construction company’s stock valued at $159,000 after purchasing an additional 363 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Armstrong World Industries during the fourth quarter valued at approximately $185,000. Finally, Aristides Capital LLC purchased a new stake in Armstrong World Industries during the fourth quarter valued at approximately $202,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $114.51 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.79. The firm has a fifty day moving average price of $116.59 and a 200 day moving average price of $109.14. Armstrong World Industries, Inc. has a fifty-two week low of $66.46 and a fifty-two week high of $125.56. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.71 and a beta of 1.16.

Armstrong World Industries (NYSE:AWIGet Free Report) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.15. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. The firm had revenue of $326.30 million during the quarter, compared to analyst estimates of $319.44 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. Armstrong World Industries’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Armstrong World Industries, Inc. will post 5.89 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, May 8th. This represents a $1.12 annualized dividend and a yield of 0.98%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.05%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on AWI

About Armstrong World Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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