Hunter Perkins Capital Management LLC Cuts Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Hunter Perkins Capital Management LLC trimmed its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 25.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,685 shares of the construction company's stock after selling 1,975 shares during the quarter. Hunter Perkins Capital Management LLC's holdings in Armstrong World Industries were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AWI. Arizona State Retirement System increased its position in Armstrong World Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after purchasing an additional 82 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its holdings in Armstrong World Industries by 5.7% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company's stock valued at $221,000 after purchasing an additional 84 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Armstrong World Industries by 1.8% during the 4th quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock worth $740,000 after purchasing an additional 93 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Armstrong World Industries by 1.7% during the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock worth $865,000 after buying an additional 97 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Armstrong World Industries by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock worth $2,700,000 after buying an additional 120 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AWI shares. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Bank of America boosted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Loop Capital decreased their price objective on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 target price for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of "Hold" and a consensus target price of $162.88.

Armstrong World Industries Trading Down 0.5%

Shares of AWI traded down $0.74 during mid-day trading on Monday, reaching $162.38. The company had a trading volume of 195,500 shares, compared to its average volume of 276,067. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $169.32. The firm has a fifty day simple moving average of $152.04 and a 200-day simple moving average of $147.24. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.67.

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

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries's payout ratio is currently 19.68%.

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.