Timucuan Asset Management Inc. FL Has $136.40 Million Position in Armstrong World Industries, Inc. $AWI

Timucuan Asset Management Inc. FL reduced its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 2.3% in Q2, now holding 839,676 shares worth $136.40 million. Armstrong World Industries represents 4.0% of Timucuan's portfolio. Several other institutional investors also adjusted their positions in AWI. Analysts have mixed ratings on AWI, with a consensus target price of $207.50. AWI's stock performance shows a 12-month range of $122.37 to $206.08. The company recently increased its quarterly dividend to $0.339 per share.

Timucuan Asset Management Inc. FL cut its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 839,676 shares of the construction company's stock after selling 19,588 shares during the quarter. Armstrong World Industries makes up 4.0% of Timucuan Asset Management Inc. FL's portfolio, making the stock its 13th biggest holding. Timucuan Asset Management Inc. FL owned 1.94% of Armstrong World Industries worth $136,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AWI. MAI Capital Management acquired a new position in Armstrong World Industries in the 2nd quarter worth about $47,000. Employees Retirement System of Texas bought a new stake in shares of Armstrong World Industries in the 2nd quarter valued at approximately $58,000. Bare Financial Services Inc increased its holdings in Armstrong World Industries by 1,789.5% in the second quarter. Bare Financial Services Inc now owns 359 shares of the construction company's stock worth $58,000 after buying an additional 340 shares during the last quarter. Parallel Advisors LLC raised its position in Armstrong World Industries by 28.9% during the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company's stock valued at $75,000 after acquiring an additional 103 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Armstrong World Industries by 40.5% in the first quarter. Covestor Ltd now owns 590 shares of the construction company's stock valued at $83,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group increased their price target 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Sunday, November 2nd. Bank of America increased their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a report on Monday, October 6th. Finally, Vertical Research assumed coverage on Armstrong World Industries in a report on Monday, October 20th. They issued a "buy" rating and a $238.00 target price for the company. 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.50.

Get Our Latest Stock Report on Armstrong World Industries

Armstrong World Industries Stock Performance

Shares of NYSE AWI opened at $189.50 on Tuesday. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $206.08. The company has a market cap of $8.17 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.87 and a beta of 1.41. The business's 50 day moving average is $192.76 and its two-hundred day moving average is $181.13. The company has a quick ratio of 1.11, a current ratio of 1.52 and a debt-to-equity ratio of 0.47.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date 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 presently 19.31%.

Armstrong World Industries Company Profile

(Free Report)

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.

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