Janney Montgomery Scott LLC Sells 5,049 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Janney Montgomery Scott LLC lowered its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 74.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,735 shares of the construction company's stock after selling 5,049 shares during the period. Janney Montgomery Scott LLC's holdings in Armstrong World Industries were worth $244,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Armstrong World Industries by 113.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock worth $672,000 after buying an additional 2,538 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Armstrong World Industries by 194.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock worth $683,000 after buying an additional 3,200 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Armstrong World Industries in the 4th quarter worth approximately $2,326,000. GAMMA Investing LLC grew its stake in shares of Armstrong World Industries by 9.2% in the 1st quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company's stock worth $283,000 after buying an additional 169 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Armstrong World Industries by 8.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock worth $874,000 after buying an additional 456 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

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

Armstrong World Industries Stock Performance

Shares of AWI stock traded down $0.64 on Monday, reaching $167.11. The stock had a trading volume of 209,697 shares, compared to its average volume of 276,595. The stock has a market cap of $7.26 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37. Armstrong World Industries, Inc. has a 1 year low of $111.89 and a 1 year high of $169.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.10 and a current ratio of 1.60. The company has a 50 day simple moving average of $155.73 and a 200 day simple moving average of $148.02.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. The firm had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. Equities research 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 declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.308 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.74%. Armstrong World Industries's dividend payout ratio (DPR) 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.