Cetera Investment Advisers Has $583,000 Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Cetera Investment Advisers raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,136 shares of the construction company’s stock after buying an additional 127 shares during the quarter. Cetera Investment Advisers’ holdings in Armstrong World Industries were worth $583,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC raised its position in Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company’s stock valued at $39,000 after buying an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Armstrong World Industries by 652.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company’s stock valued at $47,000 after buying an additional 287 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Armstrong World Industries in the 1st quarter valued at $54,000. Archer Investment Corp purchased a new stake in Armstrong World Industries in the 1st quarter valued at $113,000. Finally, First Horizon Advisors Inc. raised its position in Armstrong World Industries by 29.3% in the 1st quarter. First Horizon Advisors Inc. now owns 895 shares of the construction company’s stock valued at $126,000 after buying an additional 203 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Shares of AWI opened at $193.46 on Friday. The company has a market cap of $8.37 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.13 and a beta of 1.43. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average price of $169.77 and a 200-day moving average price of $154.58. Armstrong World Industries, Inc. has a 12-month low of $118.14 and a 12-month high of $197.04.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.34. The company had revenue of $424.60 million for the quarter, compared to analysts’ expectations of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%. Armstrong World Industries’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. As a group, equities analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 7th. Armstrong World Industries’s payout ratio is 18.20%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AWI shares. Bank of America upped their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. UBS Group restated a “neutral” rating and issued a $178.00 price objective (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Evercore ISI upped their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $200.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.13.

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.