111 Capital Sells 3,500 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• 111 Capital reduced its holdings in Armstrong World Industries, Inc. by 56.1%, now owning 2,736 shares after selling 3,500 shares in the second quarter.
• Several institutional investors have increased their positions in Armstrong World Industries, with 98.93% of the stock now owned by such investors.
• Armstrong World Industries reported a Q2 EPS of $2.09, exceeding analysts' expectations, and announced a quarterly dividend yielding 0.6%.

111 Capital cut its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 56.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,736 shares of the construction company's stock after selling 3,500 shares during the quarter. 111 Capital's holdings in Armstrong World Industries were worth $444,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AWI. Kayne Anderson Rudnick Investment Management LLC grew its position in Armstrong World Industries by 0.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company's stock worth $188,615,000 after acquiring an additional 8,762 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in Armstrong World Industries by 7.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company's stock worth $180,748,000 after acquiring an additional 84,195 shares during the last quarter. Invesco Ltd. grew its position in Armstrong World Industries by 34.0% during the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock worth $95,886,000 after acquiring an additional 172,779 shares during the last quarter. Alyeska Investment Group L.P. grew its position in Armstrong World Industries by 9.5% during the 1st quarter. Alyeska Investment Group L.P. now owns 583,000 shares of the construction company's stock worth $82,133,000 after acquiring an additional 50,398 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Armstrong World Industries by 131.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock worth $62,060,000 after acquiring an additional 250,133 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on AWI. Truist Financial raised their price target on Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the stock a "hold" rating in a research report on Wednesday, July 30th. UBS Group reiterated a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price objective on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Armstrong World Industries in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $196.97 on Monday. The firm has a market cap of $8.52 billion, a P/E ratio of 29.14, a P/E/G ratio of 2.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. The business's 50 day moving average price is $193.69 and its 200-day moving average price is $166.17. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $200.84.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.34. The company had revenue of $424.60 million during the quarter, compared to analysts' expectations of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 7th. Armstrong World Industries's dividend payout ratio (DPR) is presently 18.20%.

Armstrong World Industries Company 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.

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