Fort L.P. lifted its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,811 shares of the construction company’s stock after buying an additional 241 shares during the period. Fort L.P. owned about 0.05% of Armstrong World Industries worth $2,050,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Armstrong World Industries during the first quarter worth about $26,000. Aigen Investment Management LP acquired a new position in shares of Armstrong World Industries during the fourth quarter worth about $31,000. Rockefeller Capital Management L.P. boosted its position in shares of Armstrong World Industries by 113.5% during the first quarter. Rockefeller Capital Management L.P. now owns 363 shares of the construction company’s stock worth $29,000 after buying an additional 193 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Armstrong World Industries by 1,761.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 484 shares of the construction company’s stock worth $38,000 after buying an additional 458 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Armstrong World Industries during the fourth quarter worth about $72,000. 99.64% of the stock is owned by institutional investors.
AWI has been the subject of several recent research reports. Loop Capital raised Armstrong World Industries from a “sell” rating to a “hold” rating and reduced their price target for the company from $95.00 to $83.00 in a research report on Tuesday, March 17th. SunTrust Banks reduced their price target on Armstrong World Industries from $100.00 to $95.00 in a research report on Tuesday, April 28th. Nomura Securities increased their price target on Armstrong World Industries from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, April 17th. TheStreet cut Armstrong World Industries from a “b” rating to a “c” rating in a research report on Tuesday, April 28th. Finally, ValuEngine raised Armstrong World Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $100.00.
NYSE:AWI traded down $3.96 on Thursday, hitting $77.40. The company’s stock had a trading volume of 13,601 shares, compared to its average volume of 453,832. The firm has a market capitalization of $4.10 billion, a P/E ratio of -66.41, a price-to-earnings-growth ratio of 5.98 and a beta of 1.21. The company has a current ratio of 2.03, a quick ratio of 1.63 and a debt-to-equity ratio of 1.83. Armstrong World Industries Inc has a one year low of $62.03 and a one year high of $111.46. The stock has a fifty day moving average of $75.07 and a two-hundred day moving average of $89.02.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). Armstrong World Industries had a positive return on equity of 71.34% and a negative net margin of 4.86%. The company had revenue of $248.70 million for the quarter, compared to the consensus estimate of $250.69 million. During the same quarter last year, the business earned $1.10 EPS. Armstrong World Industries’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Armstrong World Industries Inc will post 4.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 6th. Armstrong World Industries’s dividend payout ratio is presently 16.74%.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.
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