Los Angeles Capital Management LLC Sells 19,893 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Los Angeles Capital Management LLC lessened its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 425,358 shares of the construction company’s stock after selling 19,893 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.98% of Armstrong World Industries worth $60,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new position in Armstrong World Industries in the 3rd quarter worth $26,000. ORG Wealth Partners LLC bought a new position in Armstrong World Industries in the 4th quarter worth $32,000. Quent Capital LLC raised its holdings in Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after purchasing an additional 170 shares in the last quarter. Fortitude Family Office LLC bought a new position in Armstrong World Industries in the 4th quarter worth $33,000. Finally, Point72 DIFC Ltd bought a new position in Armstrong World Industries in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Loop Capital upped their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. UBS Group increased their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.60.

Armstrong World Industries Stock Down 0.7 %

NYSE:AWI opened at $145.85 on Tuesday. The firm has a market cap of $6.36 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.60 and a beta of 1.19. 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, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The firm has a 50-day simple moving average of $147.46 and a two-hundred day simple moving average of $141.81.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.308 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.84%. Armstrong World Industries’s dividend payout ratio is currently 21.69%.

Armstrong World Industries 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.