Envestnet Asset Management Inc. Trims Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Envestnet Asset Management Inc. lessened its holdings in Armstrong World Industries, Inc. (NYSE:AWI – Get Rating) by 9.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,298 shares of the construction company’s stock after selling 14,318 shares during the period. Envestnet Asset Management Inc. owned 0.30% of Armstrong World Industries worth $9,349,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. UBS Group AG raised its position in shares of Armstrong World Industries by 2.0% during the 2nd quarter. UBS Group AG now owns 6,401 shares of the construction company’s stock valued at $480,000 after buying an additional 123 shares in the last quarter. Captrust Financial Advisors raised its position in Armstrong World Industries by 4.3% during the second quarter. Captrust Financial Advisors now owns 3,317 shares of the construction company’s stock valued at $249,000 after purchasing an additional 136 shares in the last quarter. New York State Common Retirement Fund raised its position in Armstrong World Industries by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,673 shares of the construction company’s stock valued at $2,927,000 after purchasing an additional 173 shares in the last quarter. Bessemer Group Inc. lifted its stake in Armstrong World Industries by 32.3% during the third quarter. Bessemer Group Inc. now owns 1,029 shares of the construction company’s stock worth $82,000 after purchasing an additional 251 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Armstrong World Industries by 7.5% in the 1st quarter. Private Advisor Group LLC now owns 3,949 shares of the construction company’s stock worth $355,000 after purchasing an additional 275 shares in the last quarter.

Armstrong World Industries Stock Down 1.7 %

Shares of NYSE:AWI opened at $65.68 on Friday. Armstrong World Industries, Inc. has a 1 year low of $65.41 and a 1 year high of $94.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.18 and a quick ratio of 1.49. The stock’s 50-day moving average is $69.59 and its 200 day moving average is $73.22. The company has a market cap of $2.96 billion, a PE ratio of 14.69, a P/E/G ratio of 1.65 and a beta of 1.11.

Armstrong World Industries (NYSE:AWI – Get Rating) last posted its earnings results on Tuesday, April 25th. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $310.20 million for the quarter, compared to the consensus estimate of $310.86 million. Armstrong World Industries had a return on equity of 41.94% and a net margin of 16.32%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS. Sell-side analysts anticipate that Armstrong World Industries, Inc. will post 4.87 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 18th. Investors of record on Thursday, May 4th will be paid a $0.254 dividend. The ex-dividend date is Wednesday, May 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.55%. Armstrong World Industries’s payout ratio is 22.60%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AWI. The Goldman Sachs Group dropped their target price on Armstrong World Industries from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Armstrong World Industries from $77.00 to $78.00 in a report on Wednesday, April 26th. Bank of America lowered their price target on shares of Armstrong World Industries from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $100.00 price objective on shares of Armstrong World Industries in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Hold” and a consensus price target of $83.63.

Armstrong World Industries Company Profile

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Armstrong World Industries, Inc engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Mineral Fiber, Architectural Specialties, and Unallocated Corporate. The Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings.