Hanseatic Management Services Inc. Takes $755,000 Position in Armstrong World Industries Inc (NYSE:AWI)

Hanseatic Management Services Inc. bought a new stake in Armstrong World Industries Inc (NYSE:AWI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 7,772 shares of the construction company’s stock, valued at approximately $755,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AWI. Round Table Services LLC lifted its position in Armstrong World Industries by 4.0% in the 1st quarter. Round Table Services LLC now owns 4,137 shares of the construction company’s stock valued at $329,000 after acquiring an additional 161 shares in the last quarter. California State Teachers Retirement System lifted its position in Armstrong World Industries by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 68,107 shares of the construction company’s stock valued at $5,409,000 after acquiring an additional 308 shares in the last quarter. Macquarie Group Ltd. bought a new position in Armstrong World Industries in the 4th quarter valued at about $29,000. Chase Investment Counsel Corp lifted its position in Armstrong World Industries by 5.8% in the 1st quarter. Chase Investment Counsel Corp now owns 10,460 shares of the construction company’s stock valued at $830,000 after acquiring an additional 570 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in Armstrong World Industries in the 1st quarter valued at about $52,000.

In other Armstrong World Industries news, SVP Ellen R. Romano sold 6,500 shares of Armstrong World Industries stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $88.21, for a total transaction of $573,365.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by company insiders.

Shares of Armstrong World Industries stock traded up $0.60 during mid-day trading on Wednesday, hitting $99.05. 4,654 shares of the stock were exchanged, compared to its average volume of 308,919. Armstrong World Industries Inc has a 12 month low of $54.34 and a 12 month high of $104.50. The firm’s 50-day moving average is $97.79. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $4.86 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.15 and a beta of 1.67.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, July 29th. The construction company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.10. Armstrong World Industries had a net margin of 19.92% and a return on equity of 63.92%. The firm had revenue of $272.00 million for the quarter, compared to analysts’ expectations of $278.75 million. During the same quarter last year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts predict that Armstrong World Industries Inc will post 4.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be given a dividend of $0.175 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.70 annualized dividend and a dividend yield of 0.71%. Armstrong World Industries’s dividend payout ratio is currently 19.13%.

Several brokerages recently weighed in on AWI. Bank of America raised their price target on shares of Tc Pipelines from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. SunTrust Banks cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $43.00 to $39.05 in a research report on Tuesday, June 18th. Nomura raised their price target on shares of Synchrony Financial from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. KeyCorp dropped their price target on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Finally, Zacks Investment Research cut shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.45.

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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