Madison Asset Management LLC Has $348,000 Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Madison Asset Management LLC decreased its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 99.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,467 shares of the construction company's stock after selling 529,920 shares during the quarter. Madison Asset Management LLC's holdings in Armstrong World Industries were worth $348,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Armstrong World Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after purchasing an additional 34,579 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Armstrong World Industries by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,198,801 shares of the construction company's stock worth $169,427,000 after buying an additional 19,787 shares in the last quarter. Geode Capital Management LLC lifted its position in Armstrong World Industries by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock worth $125,444,000 after buying an additional 35,738 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Armstrong World Industries by 140.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock worth $94,126,000 after buying an additional 389,000 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in Armstrong World Industries by 267.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after buying an additional 387,537 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

Armstrong World Industries stock traded up $1.02 during mid-day trading on Friday, hitting $168.67. 256,312 shares of the company's stock traded hands, compared to its average volume of 276,739. The firm has a 50 day simple moving average of $159.83 and a two-hundred day simple moving average of $150.28. Armstrong World Industries, Inc. has a fifty-two week low of $117.92 and a fifty-two week high of $170.85. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.10 and a beta of 1.37. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $382.70 million during the quarter, compared to the consensus estimate of $370.71 million. During the same quarter last year, the firm earned $1.38 earnings per share. The company's revenue was up 17.3% on a year-over-year basis. On average, research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, August 7th. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

Analysts Set New Price Targets

AWI has been the topic of several research reports. JPMorgan Chase & Co. initiated 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. Bank of America upped 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $162.88.

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.