Teacher Retirement System of Texas Sells 2,009 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Teacher Retirement System of Texas cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 9.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,631 shares of the construction company’s stock after selling 2,009 shares during the period. Teacher Retirement System of Texas’ holdings in Armstrong World Industries were worth $2,774,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Armstrong World Industries by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock valued at $62,074,000 after purchasing an additional 18,333 shares during the last quarter. Citigroup Inc. increased its stake in Armstrong World Industries by 7.3% in the 3rd quarter. Citigroup Inc. now owns 32,697 shares of the construction company’s stock valued at $4,297,000 after buying an additional 2,215 shares during the last quarter. Cerity Partners LLC increased its stake in Armstrong World Industries by 31.1% in the 3rd quarter. Cerity Partners LLC now owns 17,038 shares of the construction company’s stock valued at $2,239,000 after buying an additional 4,044 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Armstrong World Industries by 166.2% during the 3rd quarter. Bank of Montreal Can now owns 48,963 shares of the construction company’s stock worth $6,417,000 after buying an additional 30,570 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Armstrong World Industries by 196.1% during the third quarter. Quantbot Technologies LP now owns 5,389 shares of the construction company’s stock worth $708,000 after acquiring an additional 3,569 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AWI. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Truist Financial upped their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, UBS Group upped their price objective 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $153.33.

Armstrong World Industries Stock Down 0.1 %

Shares of NYSE AWI opened at $145.96 on Wednesday. The business has a 50-day simple moving average of $148.60 and a two-hundred day simple moving average of $145.17. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40. The company has a market cap of $6.34 billion, a P/E ratio of 25.74, a P/E/G ratio of 1.60 and a beta of 1.25. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $367.70 million during the quarter, compared to analysts’ expectations of $364.98 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. Armstrong World Industries’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.84%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

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.