Raymond James & Associates Has $10.62 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Raymond James & Associates lowered its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,042 shares of the construction company's stock after selling 14,214 shares during the period. Raymond James & Associates owned about 0.24% of Armstrong World Industries worth $10,623,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Armstrong World Industries by 182.0% in the third quarter. Signaturefd LLC now owns 392 shares of the construction company's stock worth $28,000 after acquiring an additional 253 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Armstrong World Industries in the second quarter worth about $38,000. Covestor Ltd lifted its holdings in Armstrong World Industries by 89.9% in the first quarter. Covestor Ltd now owns 1,272 shares of the construction company's stock worth $115,000 after acquiring an additional 602 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Armstrong World Industries by 19.2% in the second quarter. SRS Capital Advisors Inc. now owns 1,846 shares of the construction company's stock worth $136,000 after acquiring an additional 297 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Armstrong World Industries by 296.5% in the fourth quarter. State of Wyoming now owns 2,347 shares of the construction company's stock worth $161,000 after acquiring an additional 1,755 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of NYSE AWI traded up $1.22 during mid-day trading on Friday, reaching $121.62. 597,916 shares of the company traded hands, compared to its average volume of 383,400. Armstrong World Industries, Inc. has a fifty-two week low of $62.03 and a fifty-two week high of $125.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. The firm has a market cap of $5.33 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The stock has a fifty day simple moving average of $115.97 and a 200-day simple moving average of $95.86.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The business had revenue of $312.30 million for the quarter, compared to analyst estimates of $305.44 million. During the same quarter last year, the business earned $1.08 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 5.74 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a $0.28 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.12 annualized dividend and a yield of 0.92%. Armstrong World Industries's dividend payout ratio (DPR) is 22.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AWI. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. UBS Group upgraded shares of Armstrong World Industries from a "sell" rating to a "neutral" rating and raised their price target for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. Truist Financial raised their price target on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Finally, The Goldman Sachs Group raised their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $98.29.

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.