Armstrong World Industries, Inc. $AWI Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,662 shares of the construction company’s stock after selling 16,250 shares during the quarter. Armstrong World Industries comprises approximately 1.9% of Rice Hall James & Associates LLC’s holdings, making the stock its 10th largest position. Rice Hall James & Associates LLC owned about 0.41% of Armstrong World Industries worth $34,628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AWI. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Armstrong World Industries in the second quarter valued at approximately $289,000. Amundi raised its holdings in Armstrong World Industries by 55.1% in the 1st quarter. Amundi now owns 35,227 shares of the construction company’s stock worth $4,757,000 after acquiring an additional 12,514 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in Armstrong World Industries by 121.3% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock worth $119,718,000 after acquiring an additional 404,000 shares during the period. Schroder Investment Management Group lifted its position in Armstrong World Industries by 3.3% during the 2nd quarter. Schroder Investment Management Group now owns 177,232 shares of the construction company’s stock worth $28,790,000 after acquiring an additional 5,730 shares during the last quarter. Finally, Creative Planning boosted its holdings in Armstrong World Industries by 2.0% during the second quarter. Creative Planning now owns 17,925 shares of the construction company’s stock valued at $2,912,000 after acquiring an additional 349 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 0.5%

Shares of NYSE AWI opened at $192.38 on Friday. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.89 and a beta of 1.30. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $189.15 and its 200-day moving average is $184.85.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The firm had revenue of $325.00 million for the quarter. Equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a $0.339 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s payout ratio is presently 19.46%.

Analysts Set New Price Targets

AWI has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Truist Financial lifted their price target on Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $207.50.

About Armstrong World Industries

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.