Amalgamated Bank Sells 2,308 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Amalgamated Bank lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.7% during the third quarter, HoldingsChannel.com reports. The fund owned 14,575 shares of the construction company’s stock after selling 2,308 shares during the quarter. Amalgamated Bank’s holdings in Armstrong World Industries were worth $1,916,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Armstrong World Industries by 5.9% in the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after purchasing an additional 79 shares during the period. US Bancorp DE grew its stake in Armstrong World Industries by 13.9% during the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after purchasing an additional 82 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Armstrong World Industries by 41.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock worth $35,000 after purchasing an additional 89 shares in the last quarter. CWM LLC lifted its stake in Armstrong World Industries by 17.3% in the second quarter. CWM LLC now owns 644 shares of the construction company’s stock valued at $73,000 after buying an additional 95 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Armstrong World Industries by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the construction company’s stock worth $2,491,000 after buying an additional 100 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Trading Down 0.3 %

AWI opened at $154.64 on Wednesday. Armstrong World Industries, Inc. has a fifty-two week low of $80.14 and a fifty-two week high of $156.38. The firm has a market capitalization of $6.74 billion, a PE ratio of 27.27, a P/E/G ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The company’s 50-day moving average is $135.57 and its 200 day moving average is $124.58.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, research analysts predict that Armstrong World Industries, Inc. will post 6.17 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a $0.308 dividend. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries’s dividend payout ratio is presently 21.69%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group lifted their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Jefferies Financial Group boosted their target price on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Loop Capital upped their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Company 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.