Focus Partners Advisor Solutions LLC Acquires Shares of 1,589 Armstrong World Industries, Inc. $AWI

Key Points

• Focus Partners Advisor Solutions LLC purchased 1,589 shares of Armstrong World Industries, Inc., valued at approximately $224,000, indicating growing institutional interest in the construction company.
• Armstrong World Industries reported a quarterly EPS of $2.09, exceeding estimates by $0.34, and demonstrated a year-over-year revenue growth of 16.3%.
• The company's quarterly dividend was set at $0.308 per share, with a yield of 0.6%, reflecting its commitment to returning value to shareholders amid strong financial performance.

Focus Partners Advisor Solutions LLC purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,589 shares of the construction company's stock, valued at approximately $224,000.

Several other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Armstrong World Industries by 0.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company's stock worth $188,615,000 after buying an additional 8,762 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of Armstrong World Industries by 7.0% during the first quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company's stock worth $180,748,000 after buying an additional 84,195 shares during the period. Invesco Ltd. increased its position in shares of Armstrong World Industries by 34.0% during the first quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock worth $95,886,000 after buying an additional 172,779 shares during the period. GAMMA Investing LLC increased its position in shares of Armstrong World Industries by 15,282.7% during the first quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock worth $398,530,000 after buying an additional 281,048 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Armstrong World Industries by 2.3% during the first quarter. Principal Financial Group Inc. now owns 216,612 shares of the construction company's stock worth $30,516,000 after buying an additional 4,871 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on AWI. Bank of America increased their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. initiated coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Truist Financial raised their price target on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a report on Friday. UBS Group restated a "neutral" rating and issued a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $181.50.

Armstrong World Industries Stock Down 1.3%

Shares of Armstrong World Industries stock traded down $2.51 during trading hours on Friday, reaching $196.62. The company's stock had a trading volume of 258,173 shares, compared to its average volume of 336,380. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $200.84. The company has a market capitalization of $8.51 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.19 and a beta of 1.46. The stock's fifty day simple moving average is $185.15 and its two-hundred day simple moving average is $160.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61.

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

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders 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 of this dividend was Thursday, August 7th. Armstrong World Industries's dividend payout ratio (DPR) is 18.20%.

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.