Captrust Financial Advisors Raises Position in Armstrong World Industries Inc (AWI)

Captrust Financial Advisors increased its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 13.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,604 shares of the construction company’s stock after purchasing an additional 308 shares during the quarter. Captrust Financial Advisors’ holdings in Armstrong World Industries were worth $152,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AWI. Oppenheimer Asset Management Inc. acquired a new position in Armstrong World Industries during the fourth quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Armstrong World Industries by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,064 shares of the construction company’s stock worth $178,000 after buying an additional 356 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Armstrong World Industries during the third quarter worth $196,000. CHICAGO TRUST Co NA acquired a new position in Armstrong World Industries during the fourth quarter worth $202,000. Finally, WINTON GROUP Ltd acquired a new position in Armstrong World Industries during the third quarter worth $210,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

In related news, Director Holdings L.P. Valueact sold 456,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.25, for a total transaction of $33,402,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 1,725,000 shares of the stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $73.69, for a total value of $127,115,250.00. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Shares of Armstrong World Industries stock opened at $72.24 on Friday. Armstrong World Industries Inc has a 52 week low of $54.34 and a 52 week high of $75.67. The firm has a market capitalization of $3.50 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.01 and a beta of 1.83. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 2.93.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Monday, February 25th. The construction company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.03). Armstrong World Industries had a net margin of 19.06% and a return on equity of 54.86%. The business had revenue of $238.90 million during the quarter, compared to analyst estimates of $239.46 million. During the same period last year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts forecast that Armstrong World Industries Inc will post 4.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, March 4th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.13%.

AWI has been the topic of a number of recent research reports. Nomura set a $72.00 price objective on Armstrong World Industries and gave the stock a “buy” rating in a research note on Monday, December 17th. ValuEngine raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Bank of America raised Armstrong World Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, January 4th. Zacks Investment Research raised Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, Zelman & Associates raised Armstrong World Industries from a “sell” rating to a “hold” rating and set a $73.05 price objective on the stock in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $76.88.

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Armstrong World Industries Company Profile

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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