Choreo LLC Trims Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Choreo LLC cut its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 36.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,768 shares of the construction company's stock after selling 1,559 shares during the period. Choreo LLC's holdings in Armstrong World Industries were worth $390,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in shares of Armstrong World Industries by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after acquiring an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Armstrong World Industries by 652.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the period. Versant Capital Management Inc bought a new stake in shares of Armstrong World Industries in the first quarter worth approximately $54,000. Archer Investment Corp bought a new stake in shares of Armstrong World Industries in the first quarter worth approximately $113,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Armstrong World Industries by 29.3% in the first quarter. First Horizon Advisors Inc. now owns 895 shares of the construction company's stock worth $126,000 after acquiring an additional 203 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AWI has been the subject of several recent research reports. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the company a "hold" rating in a research report on Wednesday. UBS Group restated a "neutral" rating and set a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a research report on Wednesday. Truist Financial set a $195.00 target price on shares of Armstrong World Industries and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Evercore ISI boosted their target price on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Armstrong World Industries presently has an average rating of "Moderate Buy" and a consensus price target of $177.13.

Armstrong World Industries Stock Down 0.2%

Shares of NYSE AWI traded down $0.35 during trading hours on Friday, hitting $187.83. 122,717 shares of the stock were exchanged, compared to its average volume of 315,897. The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The company has a market cap of $8.13 billion, a PE ratio of 27.79, a PEG ratio of 2.32 and a beta of 1.37. The firm has a fifty day moving average price of $161.86 and a 200-day moving average price of $151.40. Armstrong World Industries, Inc. has a 12 month low of $117.92 and a 12 month high of $191.74.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.34. The company had revenue of $424.60 million during the quarter, compared to analysts' expectations of $404.05 million. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. Armstrong World Industries's revenue for the quarter was up 16.3% on a year-over-year basis. During the same period last year, the business earned $1.62 EPS. On average, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 7th. Armstrong World Industries's payout ratio is 18.20%.

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.