Commerce Bank Acquires 242 Shares of Armstrong World Industries Inc (NYSE:AWI)

Commerce Bank lifted its holdings in shares of Armstrong World Industries Inc (NYSE:AWI) by 0.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,679 shares of the construction company’s stock after acquiring an additional 242 shares during the quarter. Commerce Bank’s holdings in Armstrong World Industries were worth $6,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AWI. Norges Bank bought a new position in shares of Armstrong World Industries during the 4th quarter worth approximately $61,583,000. Point72 Asset Management L.P. bought a new position in shares of Armstrong World Industries during the 4th quarter worth approximately $26,250,000. Capital International Investors boosted its stake in shares of Armstrong World Industries by 3.0% during the 4th quarter. Capital International Investors now owns 4,017,420 shares of the construction company’s stock worth $377,517,000 after acquiring an additional 117,105 shares during the period. Jennison Associates LLC boosted its stake in shares of Armstrong World Industries by 114.5% during the 4th quarter. Jennison Associates LLC now owns 206,435 shares of the construction company’s stock worth $19,399,000 after acquiring an additional 110,201 shares during the period. Finally, FIL Ltd boosted its stake in shares of Armstrong World Industries by 14.4% during the 4th quarter. FIL Ltd now owns 801,134 shares of the construction company’s stock worth $75,283,000 after acquiring an additional 101,134 shares during the period.

NYSE:AWI opened at $71.31 on Friday. The stock has a fifty day moving average price of $75.32 and a 200-day moving average price of $90.76. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -60.43, a PEG ratio of 5.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.63 and a current ratio of 2.03. Armstrong World Industries Inc has a fifty-two week low of $62.03 and a fifty-two week high of $111.46.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Monday, April 27th. The construction company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $248.70 million for the quarter, compared to the consensus estimate of $250.69 million. Armstrong World Industries had a negative net margin of 4.86% and a positive return on equity of 71.34%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. Research analysts predict that Armstrong World Industries Inc will post 4.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.12%. Armstrong World Industries’s payout ratio is 16.74%.

AWI has been the subject of several research analyst reports. TheStreet downgraded Armstrong World Industries from a “b” rating to a “c” rating in a research note on Tuesday, April 28th. ValuEngine upgraded Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Loop Capital upgraded Armstrong World Industries from a “sell” rating to a “hold” rating and reduced their price target for the company from $95.00 to $83.00 in a research note on Tuesday, March 17th. Nomura Securities boosted their price target on Armstrong World Industries from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, SunTrust Banks reduced their price target on Armstrong World Industries from $100.00 to $95.00 in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Armstrong World Industries presently has a consensus rating of “Hold” and an average price target of $102.20.

About Armstrong World Industries

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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

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