Armstrong World Industries, Inc. (NYSE:AWI) Position Trimmed by Salvus Wealth Management LLC

Salvus Wealth Management LLC lowered its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 18,110 shares of the construction company’s stock after selling 141 shares during the period. Armstrong World Industries accounts for approximately 1.6% of Salvus Wealth Management LLC’s holdings, making the stock its 17th biggest position. Salvus Wealth Management LLC’s holdings in Armstrong World Industries were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tealwood Asset Management Inc. boosted its holdings in Armstrong World Industries by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 71 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after buying an additional 76 shares during the period. Blue Trust Inc. increased its stake in Armstrong World Industries by 5.9% during the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after acquiring an additional 79 shares during the period. US Bancorp DE raised its holdings in Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after acquiring an additional 82 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Armstrong World Industries by 3.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock worth $399,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AWI. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Evercore ISI increased their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. UBS Group upped their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Loop Capital upped their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries has an average rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Price Performance

Shares of AWI opened at $148.06 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a market cap of $6.45 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18. The stock’s 50-day moving average price is $150.65 and its two-hundred day moving average price is $135.97. Armstrong World Industries, Inc. has a 1 year low of $96.69 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.308 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 dividend on an annualized basis and a yield of 0.83%. Armstrong World Industries’s dividend payout ratio is presently 21.69%.

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.