Cantillon Capital Management LLC Sells 29,010 Shares of Armstrong World Industries Inc (NYSE:AWI)

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Cantillon Capital Management LLC lowered its holdings in Armstrong World Industries Inc (NYSE:AWI) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,307,014 shares of the construction company’s stock after selling 29,010 shares during the period. Armstrong World Industries makes up about 1.3% of Cantillon Capital Management LLC’s portfolio, making the stock its 29th largest holding. Cantillon Capital Management LLC owned approximately 2.67% of Armstrong World Industries worth $127,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC boosted its holdings in Armstrong World Industries by 22.1% in the 1st quarter. Lazard Asset Management LLC now owns 5,801,842 shares of the construction company’s stock valued at $460,782,000 after purchasing an additional 1,048,317 shares during the period. FMR LLC boosted its holdings in Armstrong World Industries by 77.9% in the 1st quarter. FMR LLC now owns 1,426,367 shares of the construction company’s stock valued at $113,282,000 after purchasing an additional 624,611 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Armstrong World Industries by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,301,884 shares of the construction company’s stock valued at $75,782,000 after purchasing an additional 22,959 shares during the period. FIL Ltd boosted its holdings in Armstrong World Industries by 1.8% in the 1st quarter. FIL Ltd now owns 712,574 shares of the construction company’s stock valued at $56,593,000 after purchasing an additional 12,574 shares during the period. Finally, Norges Bank acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at approximately $36,692,000.

Several brokerages have recently commented on AWI. Bank of America boosted their target price on shares of Armstrong World Industries from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. KeyCorp boosted their target price on shares of Armstrong World Industries from $95.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. ValuEngine cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank restated a “buy” rating and issued a $107.00 target price on shares of Armstrong World Industries in a research report on Monday, June 24th. Finally, Zacks Investment Research cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Armstrong World Industries currently has an average rating of “Hold” and an average target price of $91.45.

Shares of NYSE:AWI opened at $95.90 on Wednesday. The firm has a 50 day moving average price of $97.96. The firm has a market cap of $4.66 billion, a PE ratio of 26.20, a PEG ratio of 1.33 and a beta of 1.63. The company has a quick ratio of 1.07, a current ratio of 1.20 and a debt-to-equity ratio of 3.02. Armstrong World Industries Inc has a 12 month low of $54.34 and a 12 month high of $104.50.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, July 29th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.10. The business had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $278.75 million. Armstrong World Industries had a net margin of 20.17% and a return on equity of 77.10%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. On average, sell-side analysts forecast that Armstrong World Industries Inc will post 4.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, August 7th. Armstrong World Industries’s dividend payout ratio is 19.13%.

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 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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