California Public Employees Retirement System Sells 1,939 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

California Public Employees Retirement System lessened its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,024 shares of the construction company’s stock after selling 1,939 shares during the quarter. California Public Employees Retirement System’s holdings in Armstrong World Industries were worth $12,158,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AWI. Geode Capital Management LLC raised its holdings in Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after acquiring an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Armstrong World Industries by 89.2% during the 3rd 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 last quarter. Verition Fund Management LLC bought a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $1,035,000. Principal Securities Inc. boosted its holdings in shares of Armstrong World Industries by 11.1% in the 4th quarter. Principal Securities Inc. now owns 2,751 shares of the construction company’s stock valued at $389,000 after buying an additional 274 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Armstrong World Industries by 639.8% in the fourth quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company’s stock valued at $1,022,000 after buying an additional 6,251 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on AWI. The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Truist Financial boosted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, UBS Group raised their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Armstrong World Industries currently has an average rating of “Hold” and a consensus price target of $153.33.

Armstrong World Industries Trading Down 3.3 %

Shares of NYSE:AWI opened at $130.56 on Friday. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The business has a 50 day moving average of $147.04 and a 200-day moving average of $145.89. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The stock has a market cap of $5.67 billion, a PE ratio of 23.03, a P/E/G ratio of 1.60 and a beta of 1.20.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same period in the prior year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries’s dividend payout ratio (DPR) 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.