1,589 Shares in Armstrong World Industries, Inc. $AWI Purchased by Focus Partners Advisor Solutions LLC

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 shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,589 shares of the construction company's stock, valued at approximately $224,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Armstrong World Industries during the first quarter valued at approximately $2,508,000. Versor Investments LP bought a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $596,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Armstrong World Industries by 113.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock valued at $672,000 after purchasing an additional 2,538 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Armstrong World Industries by 194.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock valued at $683,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Armstrong World Industries in the 4th quarter valued at approximately $2,326,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Trading Up 0.5%

AWI opened at $198.23 on Monday. The stock's fifty day moving average is $182.09 and its two-hundred day moving average is $159.25. The company has a market capitalization of $8.58 billion, a P/E ratio of 29.32, a PEG ratio of 2.18 and a beta of 1.46. Armstrong World Industries, Inc. has a 52 week low of $118.14 and a 52 week high of $199.73. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $404.05 million. During the same period last year, the business posted $1.62 EPS. Armstrong World Industries's quarterly revenue was up 16.3% on a year-over-year basis. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. 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 announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, August 7th. Armstrong World Industries's payout ratio is 18.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AWI shares. Bank of America raised their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price objective for the company. Truist Financial set a $195.00 price objective on Armstrong World Industries and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Evercore ISI raised their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $177.13.

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.

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