SG Americas Securities LLC Cuts Position in Armstrong World Industries, Inc. $AWI

SG Americas Securities LLC reduced its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 66.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,836 shares of the construction company’s stock after selling 3,711 shares during the quarter. SG Americas Securities LLC’s holdings in Armstrong World Industries were worth $298,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in Armstrong World Industries by 2.0% in the second quarter. Creative Planning now owns 17,925 shares of the construction company’s stock worth $2,912,000 after purchasing an additional 349 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Armstrong World Industries by 6.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,149 shares of the construction company’s stock worth $1,811,000 after acquiring an additional 718 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Armstrong World Industries by 4.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,484 shares of the construction company’s stock valued at $2,678,000 after acquiring an additional 737 shares during the last quarter. Geode Capital Management LLC grew its holdings in Armstrong World Industries by 0.8% in the second quarter. Geode Capital Management LLC now owns 943,284 shares of the construction company’s stock worth $153,248,000 after purchasing an additional 7,378 shares during the last quarter. Finally, Wealth Alliance LLC increased its position in shares of Armstrong World Industries by 2.5% during the second quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock worth $380,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

NYSE:AWI opened at $189.74 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.11. The company has a 50 day moving average price of $192.89 and a 200-day moving average price of $180.75. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $206.08. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.41.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. The company had revenue of $325.00 million for the quarter. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. Equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, November 6th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s payout ratio is currently 19.31%.

Analysts Set New Price Targets

AWI has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Bank of America boosted their price target on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Truist Financial upped their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 12th. JPMorgan Chase & Co. lifted their target price on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Zacks Research downgraded shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Armstrong World Industries presently has an average rating of “Moderate Buy” and a consensus price target of $207.50.

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.