Oak Thistle LLC Sells 1,772 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Oak Thistle LLC trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI) by 34.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,418 shares of the construction company’s stock after selling 1,772 shares during the period. Oak Thistle LLC’s holdings in Armstrong World Industries were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors raised its position in shares of Armstrong World Industries by 1.3% in the 4th quarter. Capital International Investors now owns 4,999,503 shares of the construction company’s stock valued at $491,551,000 after purchasing an additional 63,618 shares during the last quarter. Vanguard Group Inc. increased its stake in Armstrong World Industries by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock valued at $468,315,000 after purchasing an additional 517,699 shares in the last quarter. London Co. of Virginia raised its holdings in shares of Armstrong World Industries by 1.7% in the third quarter. London Co. of Virginia now owns 2,622,900 shares of the construction company’s stock worth $188,849,000 after buying an additional 45,095 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Armstrong World Industries by 56.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company’s stock worth $155,991,000 after buying an additional 569,824 shares during the period. Finally, Cooke & Bieler LP lifted its stake in shares of Armstrong World Industries by 10.2% during the fourth quarter. Cooke & Bieler LP now owns 1,316,653 shares of the construction company’s stock worth $129,453,000 after buying an additional 121,586 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AWI shares. Evercore ISI raised their target price on Armstrong World Industries from $117.00 to $119.00 and gave the stock an “in-line” rating in a research note on Wednesday, May 1st. UBS Group raised their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.17.

Armstrong World Industries Stock Down 1.6 %

Shares of AWI opened at $111.39 on Tuesday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.71 and a beta of 1.14. Armstrong World Industries, Inc. has a 52 week low of $68.35 and a 52 week high of $125.56. The stock’s 50-day moving average price is $115.12 and its 200-day moving average price is $111.90. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.23 by $0.15. The business had revenue of $326.30 million for the quarter, compared to analyst estimates of $319.44 million. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. On average, sell-side analysts predict that Armstrong World Industries, Inc. will post 5.89 EPS for the current year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.28 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. Armstrong World Industries’s payout ratio is 21.05%.

Armstrong World Industries 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.