Schonfeld Strategic Advisors LLC Has $797,000 Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Schonfeld Strategic Advisors LLC lessened its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,638 shares of the construction company’s stock after selling 552 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Armstrong World Industries were worth $797,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC acquired a new stake in shares of Armstrong World Industries during the fourth quarter worth $75,242,000. Norges Bank acquired a new stake in Armstrong World Industries during the 4th quarter worth about $71,822,000. Adage Capital Partners GP L.L.C. grew its holdings in Armstrong World Industries by 140.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company’s stock worth $94,126,000 after acquiring an additional 389,000 shares during the period. Invesco Ltd. raised its position in shares of Armstrong World Industries by 25.4% in the 4th quarter. Invesco Ltd. now owns 507,843 shares of the construction company’s stock worth $71,773,000 after acquiring an additional 102,895 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at about $8,375,000. Institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on AWI shares. Loop Capital decreased their target price on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. UBS Group raised their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Truist Financial boosted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $155.50.

Armstrong World Industries Stock Performance

AWI opened at $151.48 on Friday. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.60 and a beta of 1.36. The company’s fifty day moving average price is $140.25 and its two-hundred day moving average price is $146.38. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.11. The company had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 EPS. On average, analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.308 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. Armstrong World Industries’s payout ratio is 19.68%.

About Armstrong World Industries

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.