Capital International Inc. CA Sells 135,451 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Capital International Inc. CA trimmed its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 66.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,230 shares of the construction company’s stock after selling 135,451 shares during the period. Capital International Inc. CA owned 0.16% of Armstrong World Industries worth $8,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Armstrong World Industries by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,245,468 shares of the construction company’s stock valued at $305,674,000 after purchasing an additional 51,504 shares in the last quarter. Legato Capital Management LLC bought a new stake in Armstrong World Industries in the fourth quarter valued at approximately $224,000. State of Alaska Department of Revenue increased its stake in Armstrong World Industries by 211.3% in the fourth quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company’s stock valued at $3,936,000 after purchasing an additional 27,179 shares in the last quarter. JB Capital LLC bought a new stake in Armstrong World Industries in the fourth quarter valued at approximately $229,000. Finally, Oak Thistle LLC increased its stake in Armstrong World Industries by 43.0% in the fourth quarter. Oak Thistle LLC now owns 5,190 shares of the construction company’s stock valued at $510,000 after purchasing an additional 1,560 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AWI. UBS Group upped their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Evercore ISI upped their price target on shares of Armstrong World Industries from $117.00 to $119.00 and gave the company an “in-line” rating in a report on Wednesday, May 1st. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and an average price target of $117.60.

Armstrong World Industries Stock Up 2.8 %

Shares of Armstrong World Industries stock traded up $3.62 on Friday, hitting $131.25. The company had a trading volume of 193,708 shares, compared to its average volume of 342,909. Armstrong World Industries, Inc. has a twelve month low of $68.35 and a twelve month high of $133.18. The stock has a 50-day moving average of $116.41 and a 200-day moving average of $114.55. The firm has a market capitalization of $5.74 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.91 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.22.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.23 by $0.15. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. The business had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $319.44 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Research analysts predict that Armstrong World Industries, Inc. will post 5.89 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, August 8th. Armstrong World Industries’s payout ratio is 21.05%.

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.