Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 22.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,586 shares of the construction company's stock after selling 9,492 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.07% of Armstrong World Industries worth $4,591,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AWI. Golden State Wealth Management LLC lifted its stake in shares of Armstrong World Industries by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after purchasing an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Armstrong World Industries by 652.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares during the last quarter. Versant Capital Management Inc purchased a new position in Armstrong World Industries in the 1st quarter valued at about $54,000. Farther Finance Advisors LLC boosted its position in Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after buying an additional 202 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Armstrong World Industries by 29.3% in the 1st quarter. First Horizon Advisors Inc. now owns 895 shares of the construction company's stock valued at $126,000 after buying an additional 203 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Price Performance

NYSE AWI opened at $165.19 on Friday. Armstrong World Industries, Inc. has a 12 month low of $117.92 and a 12 month high of $170.86. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10. The firm has a market capitalization of $7.17 billion, a PE ratio of 26.43, a P/E/G ratio of 2.07 and a beta of 1.37. The company's 50 day simple moving average is $158.95 and its 200 day simple moving average is $149.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. The business had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. Armstrong World Industries had a net margin of 18.25% and a return on equity of 39.37%. The business's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business earned $1.38 earnings per share. As a group, equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, May 8th. Armstrong World Industries's payout ratio is 19.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AWI shares. Loop Capital reduced their price target on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target on the stock. Finally, Bank of America increased their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $162.88.

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.

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