Crossmark Global Holdings Inc. Sells 6,473 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Crossmark Global Holdings Inc. decreased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 66.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,203 shares of the construction company’s stock after selling 6,473 shares during the period. Crossmark Global Holdings Inc.’s holdings in Armstrong World Industries were worth $421,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AWI. Jupiter Asset Management Ltd. lifted its position in shares of Armstrong World Industries by 1,369.3% in the second quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock worth $27,872,000 after purchasing an additional 229,378 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Armstrong World Industries by 46.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock worth $52,155,000 after buying an additional 145,133 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Armstrong World Industries by 35.0% during the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock worth $48,049,000 after buying an additional 110,111 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Armstrong World Industries by 171.0% during the 2nd quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company’s stock worth $14,263,000 after buying an additional 79,475 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Armstrong World Industries by 27.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company’s stock valued at $35,385,000 after acquiring an additional 67,954 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

NYSE:AWI opened at $153.28 on Friday. The company has a market cap of $6.68 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.96 and a beta of 1.13. The firm’s fifty day moving average price is $137.42 and its two-hundred day moving average price is $125.29. Armstrong World Industries, Inc. has a one year low of $81.47 and a one year high of $157.51. 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 released its quarterly earnings results 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. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $386.60 million for the quarter, compared to analysts’ expectations of $386.69 million. During the same period in the prior year, the firm earned $1.60 EPS. The business’s revenue was up 11.3% on a year-over-year basis. 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 will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, November 7th. Armstrong World Industries’s dividend payout ratio is currently 21.69%.

Analysts Set New Price Targets

Several research analysts recently commented on AWI shares. Evercore ISI increased their price target on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial increased their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Loop Capital boosted their target price 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. Jefferies Financial Group increased their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, UBS Group boosted their price objective 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.83.

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.