State Board of Administration of Florida Retirement System Acquires 5,108 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

State Board of Administration of Florida Retirement System raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,387 shares of the construction company’s stock after buying an additional 5,108 shares during the period. State Board of Administration of Florida Retirement System owned about 0.12% of Armstrong World Industries worth $3,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. River Road Asset Management LLC grew its position in shares of Armstrong World Industries by 25.5% in the first quarter. River Road Asset Management LLC now owns 1,773,996 shares of the construction company’s stock valued at $126,379,000 after purchasing an additional 360,508 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Armstrong World Industries in the first quarter valued at approximately $121,108,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Armstrong World Industries by 1.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,611,898 shares of the construction company’s stock valued at $114,832,000 after purchasing an additional 23,978 shares during the last quarter. Yacktman Asset Management LP grew its position in shares of Armstrong World Industries by 1.6% in the first quarter. Yacktman Asset Management LP now owns 1,162,986 shares of the construction company’s stock valued at $82,851,000 after purchasing an additional 18,223 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL grew its position in shares of Armstrong World Industries by 27.2% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,131,885 shares of the construction company’s stock valued at $77,636,000 after purchasing an additional 241,996 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AWI. StockNews.com downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. TheStreet raised Armstrong World Industries from a “c+” rating to a “b-” rating in a research report on Friday, August 4th. Jefferies Financial Group increased their price target on Armstrong World Industries from $69.00 to $73.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. UBS Group increased their price target on Armstrong World Industries from $69.00 to $75.00 and gave the stock a “sell” rating in a research report on Tuesday, July 25th. Finally, Loop Capital upped their target price on Armstrong World Industries from $75.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.13.

Armstrong World Industries Stock Up 0.7 %

Shares of AWI opened at $73.49 on Tuesday. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $85.09. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.76 and a beta of 1.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.43 and a current ratio of 2.05. The stock has a fifty day moving average of $75.33 and a 200-day moving average of $71.20.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Tuesday, July 25th. The construction company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. Armstrong World Industries had a return on equity of 41.52% and a net margin of 16.90%. The company had revenue of $325.40 million during the quarter, compared to analysts’ expectations of $335.43 million. During the same period in the prior year, the company earned $1.29 EPS. Armstrong World Industries’s revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 4.92 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 3rd were given a dividend of $0.254 per share. This represents a $1.02 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, August 2nd. Armstrong World Industries’s dividend payout ratio is currently 21.70%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling and wall systems in the United States, Canada, and Latin America. It operates through Mineral Fiber and Architectural Specialties segments. The company offers suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall products; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and facade and partition products.