Round Table Services LLC lowered its holdings in Armstrong World Industries Inc (NYSE:AWI) by 33.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,756 shares of the construction company’s stock after selling 1,381 shares during the quarter. Round Table Services LLC’s holdings in Armstrong World Industries were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of AWI. Polianta Ltd bought a new position in shares of Armstrong World Industries in the 2nd quarter worth about $1,117,000. NEXT Financial Group Inc bought a new position in shares of Armstrong World Industries in the 2nd quarter worth about $464,000. WINTON GROUP Ltd increased its stake in shares of Armstrong World Industries by 32.9% in the 2nd quarter. WINTON GROUP Ltd now owns 6,487 shares of the construction company’s stock worth $631,000 after acquiring an additional 1,605 shares in the last quarter. FMR LLC increased its stake in shares of Armstrong World Industries by 77.9% in the 1st quarter. FMR LLC now owns 1,426,367 shares of the construction company’s stock worth $113,282,000 after acquiring an additional 624,611 shares in the last quarter. Finally, Diversified Trust Co increased its stake in shares of Armstrong World Industries by 5.1% in the 1st quarter. Diversified Trust Co now owns 38,773 shares of the construction company’s stock worth $3,079,000 after acquiring an additional 1,879 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on AWI. Deutsche Bank decreased their price target on shares of from GBX 217 ($2.84) to GBX 175 ($2.29) and set a “sell” rating for the company in a research note on Monday, June 24th. SunTrust Banks lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $43.00 to $39.05 in a research note on Tuesday, June 18th. Bank of America increased their price target on shares of Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Zacks Investment Research lowered shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Finally, Nomura increased their price target on shares of Synchrony Financial from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $91.23.
In other news, insider Valueact Capital Master Fund, sold 63,910 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $86.88, for a total transaction of $5,552,500.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen F. Mcnamara sold 7,778 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $87.26, for a total transaction of $678,708.28. The disclosure for this sale can be found here. Insiders have sold 78,188 shares of company stock valued at $6,804,574 over the last ninety days. 1.70% of the stock is owned by insiders.
Shares of AWI traded up $0.21 on Friday, reaching $99.49. The company’s stock had a trading volume of 8,170 shares, compared to its average volume of 330,670. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $4.89 billion, a PE ratio of 27.20, a P/E/G ratio of 1.15 and a beta of 1.67. The company’s 50 day moving average price is $97.48. Armstrong World Industries Inc has a 12-month low of $54.34 and a 12-month high of $103.10.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Monday, April 29th. The construction company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.15. The business had revenue of $242.10 million for the quarter, compared to the consensus estimate of $247.38 million. Armstrong World Industries had a net margin of 19.92% and a return on equity of 63.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 earnings per share. As a group, research analysts expect that Armstrong World Industries Inc will post 4.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Wednesday, August 7th. Armstrong World Industries’s dividend payout ratio is presently 19.13%.
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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