Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,074 shares of the construction company’s stock after selling 21,309 shares during the period. Thrivent Financial for Lutherans owned 0.26% of Armstrong World Industries worth $15,839,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its stake in Armstrong World Industries by 3.7% during the third quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock worth $191,119,000 after purchasing an additional 51,839 shares during the period. Geode Capital Management LLC raised its position in shares of Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after buying an additional 34,028 shares during the period. Madison Investment Advisors LLC acquired a new position in Armstrong World Industries in the fourth quarter valued at $75,242,000. Natixis Advisors LLC grew its position in Armstrong World Industries by 5.5% during the fourth quarter. Natixis Advisors LLC now owns 519,388 shares of the construction company’s stock valued at $73,405,000 after acquiring an additional 27,275 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Armstrong World Industries by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock worth $62,074,000 after acquiring an additional 18,333 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $140.88 on Friday. The firm has a market cap of $6.12 billion, a PE ratio of 24.85, a price-to-earnings-growth 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 firm’s 50-day simple moving average is $148.54 and its 200-day simple moving average is $144.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, topping 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 company had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. During the same quarter last year, the business posted $1.22 EPS. Armstrong World Industries’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.308 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.87%. Armstrong World Industries’s payout ratio is 20.40%.

Analyst Ratings Changes

AWI has been the topic of a number of recent research reports. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. UBS Group lifted their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Truist Financial boosted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $153.33.

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.