Natixis Advisors L.P. Sells 1,726 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Natixis Advisors L.P. reduced its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 226,446 shares of the construction company’s stock after selling 1,726 shares during the period. Natixis Advisors L.P.’s holdings in Armstrong World Industries were worth $22,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Armstrong World Industries during the fourth quarter worth about $27,000. Signaturefd LLC raised its stake in shares of Armstrong World Industries by 182.0% during the 3rd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock worth $28,000 after purchasing an additional 253 shares during the period. GAMMA Investing LLC bought a new position in Armstrong World Industries during the fourth quarter valued at about $49,000. SRS Capital Advisors Inc. increased its holdings in Armstrong World Industries by 19.7% during the third quarter. SRS Capital Advisors Inc. now owns 2,209 shares of the construction company’s stock worth $159,000 after buying an additional 363 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Armstrong World Industries in the third quarter worth about $224,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Price Performance

NYSE:AWI opened at $115.61 on Monday. Armstrong World Industries, Inc. has a 52-week low of $62.03 and a 52-week high of $125.56. The stock has a fifty day moving average of $119.97 and a 200 day moving average of $102.51. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.79. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 1.74 and a beta of 1.12.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.15. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. The company had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $319.44 million. During the same period in the prior year, the business earned $1.12 earnings per share. Armstrong World Industries’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts expect that Armstrong World Industries, Inc. will post 5.89 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.12 dividend on an annualized basis and a yield of 0.97%. Armstrong World Industries’s dividend payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Armstrong World Industries from $111.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Evercore ISI increased their target price on shares of Armstrong World Industries from $117.00 to $119.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. Truist Financial boosted their price target on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, UBS Group boosted their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Armstrong World Industries currently has an average rating of “Hold” and a consensus price target of $110.17.

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.