Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,766 shares of the construction company’s stock after selling 3,500 shares during the quarter. Public Sector Pension Investment Board owned 0.21% of Armstrong World Industries worth $12,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in shares of Armstrong World Industries during the third quarter worth about $26,000. V Square Quantitative Management LLC purchased a new position in Armstrong World Industries during the third quarter worth approximately $31,000. Allspring Global Investments Holdings LLC raised its stake in Armstrong World Industries by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock worth $35,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. increased its position in shares of Armstrong World Industries by 33.0% in the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock worth $57,000 after acquiring an additional 125 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Armstrong World Industries by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock valued at $58,000 after purchasing an additional 153 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWI has been the subject of a number of recent analyst reports. Evercore ISI raised their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. UBS Group raised their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Loop Capital raised 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. Finally, Jefferies Financial Group raised their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Trading Down 1.1 %

Armstrong World Industries stock opened at $160.22 on Friday. The firm’s 50-day moving average is $142.65 and its 200-day moving average is $127.61. 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 1 year low of $82.63 and a 1 year high of $164.40. The company has a market cap of $6.98 billion, a P/E ratio of 28.26, a PEG ratio of 2.07 and a beta of 1.13.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. Armstrong World Industries’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.60 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a $0.308 dividend. The ex-dividend date was Thursday, November 7th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.77%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.69%.

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.