Janney Montgomery Scott LLC Sells 5,049 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Janney Montgomery Scott LLC trimmed its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 74.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,735 shares of the construction company’s stock after selling 5,049 shares during the period. Janney Montgomery Scott LLC’s holdings in Armstrong World Industries were worth $244,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Armstrong World Industries during the fourth quarter worth $43,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Armstrong World Industries by 652.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company’s stock worth $47,000 after purchasing an additional 287 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Armstrong World Industries during the first quarter worth $54,000. Farther Finance Advisors LLC grew its holdings in shares of Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock worth $60,000 after purchasing an additional 202 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Armstrong World Industries by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company’s stock worth $80,000 after purchasing an additional 376 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Up 1.0%

NYSE:AWI opened at $167.75 on Monday. Armstrong World Industries, Inc. has a 12-month low of $111.89 and a 12-month high of $169.32. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $7.29 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.10 and a beta of 1.37. The stock’s fifty day simple moving average is $155.16 and its 200-day simple moving average is $147.85.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.11. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. The firm had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries’s payout ratio is 19.68%.

Analyst Ratings Changes

AWI has been the topic of several research analyst reports. Bank of America increased their target price on Armstrong World Industries from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Loop Capital decreased their price target on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They issued an “overweight” rating and a $200.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $162.88.

Armstrong World Industries Company Profile

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.