Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,013 shares of the construction company’s stock after selling 128 shares during the quarter. TD Private Client Wealth LLC’s holdings in Armstrong World Industries were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AWI. ORG Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries during the fourth quarter worth approximately $32,000. Quent Capital LLC raised its position in Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after buying an additional 170 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Armstrong World Industries in the 4th quarter worth $33,000. Twin Tree Management LP purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $43,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Armstrong World Industries during the third quarter worth about $47,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NYSE AWI opened at $145.73 on Tuesday. The business has a 50 day moving average price of $148.60 and a 200 day moving average price of $144.99. The company has a market capitalization of $6.33 billion, a P/E ratio of 25.70, a PEG ratio of 1.60 and a beta of 1.25. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.13. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. Armstrong World Industries’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. Sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries’s payout ratio is currently 20.40%.

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.