Raymond James & Associates Has $7.68 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Raymond James & Associates reduced its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 25.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 58,407 shares of the construction company's stock after selling 19,800 shares during the period. Raymond James & Associates owned 0.13% of Armstrong World Industries worth $7,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Armstrong World Industries by 5.9% in the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company's stock worth $188,000 after purchasing an additional 79 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Armstrong World Industries by 41.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock valued at $35,000 after acquiring an additional 89 shares during the last quarter. CWM LLC boosted its stake in Armstrong World Industries by 17.3% in the second quarter. CWM LLC now owns 644 shares of the construction company's stock valued at $73,000 after acquiring an additional 95 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Armstrong World Industries by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the construction company's stock worth $2,491,000 after acquiring an additional 100 shares during the period. Finally, Covestor Ltd raised its position in shares of Armstrong World Industries by 20.4% during the 1st quarter. Covestor Ltd now owns 596 shares of the construction company's stock valued at $74,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Down 0.6 %

Shares of NYSE:AWI traded down $0.82 during midday trading on Thursday, reaching $139.55. 180,222 shares of the company were exchanged, compared to its average volume of 311,228. The firm has a market cap of $6.11 billion, a PE ratio of 26.23, a P/E/G ratio of 1.92 and a beta of 1.14. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97. Armstrong World Industries, Inc. has a fifty-two week low of $74.37 and a fifty-two week high of $143.07. The stock has a fifty day simple moving average of $131.62 and a two-hundred day simple moving average of $122.52.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.06. The company had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. As a group, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.308 per share. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 7th. Armstrong World Industries's dividend payout ratio (DPR) is currently 23.12%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Evercore ISI lifted their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday. Loop Capital increased their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Armstrong World Industries has a consensus rating of "Hold" and an average price target of $140.83.

Armstrong World Industries Profile

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.