Armstrong World Industries, Inc. (NYSE:AWI) Position Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 16.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 112,074 shares of the construction company’s stock after selling 21,309 shares during the period. Thrivent Financial for Lutherans’ holdings in Armstrong World Industries were worth $15,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in AWI. ORG Wealth Partners LLC bought a new position in shares of Armstrong World Industries during the fourth quarter worth about $32,000. Quent Capital LLC grew its position 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 during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $33,000. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $43,000. Finally, Point72 DIFC Ltd bought a new position in Armstrong World Industries in the 3rd quarter worth approximately $47,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

NYSE:AWI opened at $140.88 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $148.54 and its 200 day moving average price is $144.54. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The firm has a market cap of $6.12 billion, a P/E ratio of 24.85, a PEG ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.87%. Armstrong World Industries’s payout ratio is presently 20.40%.

Analyst Ratings Changes

AWI has been the topic of several recent analyst reports. Truist Financial lifted their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. UBS Group increased their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group raised their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Five 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 presently has a consensus rating of “Hold” and an average target price of $153.33.

Armstrong World Industries Company 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.