Strata Wealth Advisors LLC Sells 1,653 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Strata Wealth Advisors LLC lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,851 shares of the construction company’s stock after selling 1,653 shares during the period. Armstrong World Industries accounts for approximately 0.7% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Strata Wealth Advisors LLC’s holdings in Armstrong World Industries were worth $2,093,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Capital International Investors increased its stake in shares of Armstrong World Industries by 1.3% during the fourth quarter. Capital International Investors now owns 4,999,503 shares of the construction company’s stock worth $491,551,000 after purchasing an additional 63,618 shares during the period. Vanguard Group Inc. increased its stake in shares of Armstrong World Industries by 12.2% during the fourth quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock worth $468,315,000 after purchasing an additional 517,699 shares during the period. London Co. of Virginia increased its stake in shares of Armstrong World Industries by 1.7% during the third quarter. London Co. of Virginia now owns 2,622,900 shares of the construction company’s stock worth $188,849,000 after purchasing an additional 45,095 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Armstrong World Industries by 56.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company’s stock worth $155,991,000 after purchasing an additional 569,824 shares during the period. Finally, Cooke & Bieler LP increased its stake in Armstrong World Industries by 10.2% during the 4th quarter. Cooke & Bieler LP now owns 1,316,653 shares of the construction company’s stock worth $129,453,000 after acquiring an additional 121,586 shares during the period. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of AWI traded up $0.54 during midday trading on Friday, hitting $113.24. The company’s stock had a trading volume of 439,072 shares, compared to its average volume of 266,068. Armstrong World Industries, Inc. has a one year low of $68.35 and a one year high of $125.56. The company’s fifty day simple moving average is $115.18 and its two-hundred day simple moving average is $111.69. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.15. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The company had revenue of $326.30 million for the quarter, compared to analyst estimates of $319.44 million. During the same quarter last year, the company posted $1.12 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 5.89 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is 21.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. UBS Group raised their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI raised their price objective on Armstrong World Industries from $117.00 to $119.00 and gave the stock an “in-line” rating in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries has a consensus rating of “Hold” and an average target price of $110.17.

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.