Orion Portfolio Solutions LLC Sells 1,652 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Orion Portfolio Solutions LLC lowered its position in Armstrong World Industries, Inc. (NYSE:AWI) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,306 shares of the construction company’s stock after selling 1,652 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Armstrong World Industries were worth $3,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AWI. Jupiter Asset Management Ltd. increased its holdings in shares of Armstrong World Industries by 1,369.3% during the second quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock valued at $27,872,000 after acquiring an additional 229,378 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of 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 valued at $52,155,000 after purchasing an additional 145,133 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Armstrong World Industries by 35.0% during the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock valued at $48,049,000 after acquiring an additional 110,111 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Armstrong World Industries by 171.0% in 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 period. Finally, Envestnet Asset Management Inc. increased its position in Armstrong World Industries by 27.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company’s stock valued at $35,385,000 after buying an additional 67,954 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group raised their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Truist Financial upped their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Loop Capital increased their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $140.83.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock opened at $154.81 on Wednesday. Armstrong World Industries, Inc. has a 1-year low of $92.29 and a 1-year high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $147.45 and its two-hundred day moving average price is $130.42. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 2.02 and a beta of 1.15.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) 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 analyst estimates of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 EPS. On average, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.308 dividend. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.69%.

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.