Los Angeles Capital Management LLC Has $50.60 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Los Angeles Capital Management LLC cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,145 shares of the construction company's stock after selling 66,213 shares during the period. Los Angeles Capital Management LLC owned 0.83% of Armstrong World Industries worth $50,596,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after purchasing an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB raised 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 purchasing an additional 287 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Armstrong World Industries in the first quarter worth about $54,000. Farther Finance Advisors LLC grew its holdings in Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after acquiring an additional 202 shares during the period. Finally, Archer Investment Corp acquired a new stake in Armstrong World Industries during the first quarter worth about $113,000. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AWI has been the topic of a number of research analyst reports. Bank of America lifted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Loop Capital lowered their price objective on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price objective for the company. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $162.88.

Armstrong World Industries Stock Down 1.0%

AWI traded down $1.65 during trading on Friday, hitting $165.19. The company had a trading volume of 262,873 shares, compared to its average volume of 275,106. The company has a market capitalization of $7.17 billion, a PE ratio of 26.43, a PEG ratio of 2.07 and a beta of 1.37. Armstrong World Industries, Inc. has a one year low of $117.92 and a one year high of $170.86. The firm's 50-day moving average price is $158.95 and its 200 day moving average price is $149.46. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.67.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data 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. The company 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%. Armstrong World Industries's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 yield of 0.75%. Armstrong World Industries's dividend payout ratio (DPR) is currently 19.68%.

Armstrong World Industries 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.