State of Alaska Department of Revenue Sells 4,103 Shares of Armstrong World Industries, Inc. $AWI

State of Alaska Department of Revenue decreased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,630 shares of the construction company’s stock after selling 4,103 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.08% of Armstrong World Industries worth $6,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Armstrong World Industries by 37.4% during the third quarter. Nisa Investment Advisors LLC now owns 40,633 shares of the construction company’s stock worth $7,964,000 after acquiring an additional 11,059 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in Armstrong World Industries during the 3rd quarter worth about $1,099,000. HB Wealth Management LLC acquired a new position in Armstrong World Industries during the 3rd quarter valued at about $318,000. KLP Kapitalforvaltning AS boosted its stake in shares of Armstrong World Industries by 1.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 11,400 shares of the construction company’s stock valued at $2,235,000 after purchasing an additional 200 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Armstrong World Industries by 603.6% in the 3rd quarter. CoreCap Advisors LLC now owns 394 shares of the construction company’s stock valued at $77,000 after purchasing an additional 338 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on AWI. Bank of America upped their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Vertical Research assumed coverage on shares of Armstrong World Industries in a research note on Monday, October 20th. They issued a “buy” rating and a $238.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Trading Up 2.5%

AWI opened at $200.55 on Friday. The company has a 50-day simple moving average of $188.38 and a 200 day simple moving average of $187.96. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 1.75 and a beta of 1.32.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The firm had revenue of $325.00 million for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.Armstrong World Industries has set its FY 2025 guidance at 7.450-7.550 EPS. Analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were given a $0.339 dividend. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, November 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. Armstrong World Industries’s dividend payout ratio is presently 19.46%.

Armstrong World Industries Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.