Yousif Capital Management LLC Sells 2,770 Shares of Armstrong World Industries, Inc. $AWI

Yousif Capital Management LLC trimmed its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 16.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,628 shares of the construction company’s stock after selling 2,770 shares during the period. Yousif Capital Management LLC’s holdings in Armstrong World Industries were worth $2,671,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Armstrong World Industries during the second quarter worth approximately $32,000. Headlands Technologies LLC purchased a new stake in shares of Armstrong World Industries in the second quarter valued at approximately $46,000. MAI Capital Management bought a new position in Armstrong World Industries in the second quarter worth approximately $47,000. Employees Retirement System of Texas purchased a new position in Armstrong World Industries during the 2nd quarter worth $58,000. Finally, Bare Financial Services Inc increased its holdings in Armstrong World Industries by 1,789.5% during the 2nd quarter. Bare Financial Services Inc now owns 359 shares of the construction company’s stock worth $58,000 after purchasing an additional 340 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America upped their target price on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Vertical Research assumed coverage on shares of Armstrong World Industries in a report on Monday, October 20th. They set a “buy” rating and a $238.00 target price on the stock. Finally, Zacks Research lowered shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Trading Up 0.5%

AWI opened at $192.38 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.90 and a beta of 1.30. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $206.08. The stock has a fifty day moving average price of $189.15 and a 200-day moving average price of $185.06.

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

Armstrong World Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were given a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, November 6th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s payout ratio is presently 19.46%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.