Los Angeles Capital Management LLC Decreases Stock Holdings in Armstrong World Industries, Inc. $AWI

Los Angeles Capital Management LLC decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 356,825 shares of the construction company’s stock after selling 2,320 shares during the period. Los Angeles Capital Management LLC owned about 0.82% of Armstrong World Industries worth $57,963,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after buying an additional 103 shares during the last quarter. Covestor Ltd raised its holdings in Armstrong World Industries by 40.5% in the 1st quarter. Covestor Ltd now owns 590 shares of the construction company’s stock worth $83,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Armstrong World Industries during the first quarter valued at $91,000. Archer Investment Corp bought a new stake in Armstrong World Industries during the first quarter valued at about $113,000. Finally, Quarry LP increased its position in Armstrong World Industries by 38.2% in the first quarter. Quarry LP now owns 1,046 shares of the construction company’s stock worth $147,000 after buying an additional 289 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AWI. Bank of America boosted their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Evercore ISI upped their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 30th. Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the company a “hold” rating in a research report on Wednesday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Armstrong World Industries has a consensus rating of “Moderate Buy” and an average target price of $207.50.

Armstrong World Industries Stock Up 1.0%

Shares of AWI stock opened at $188.87 on Friday. The stock has a market cap of $8.15 billion, a P/E ratio of 27.02, a PEG ratio of 1.87 and a beta of 1.41. The company’s fifty day simple moving average is $196.05 and its two-hundred day simple moving average is $176.38. The company has a quick ratio of 1.11, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The company had revenue of $325.00 million during the quarter. Analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a $0.339 dividend. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, November 6th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.31%.

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.