Financiere des Professionnels Fonds d investissement inc. Purchases New Shares in Armstrong World Industries, Inc. $AWI

Key Points

• Financiere des Professionnels Fonds d investissement inc. purchased 1,780 shares of Armstrong World Industries, worth approximately $289,000, indicating growing interest from institutional investors in the company.
• Research firms have varied viewpoints on the stock, with target prices ranging from $181.50 to $230.00, suggesting a consensus rating of "Moderate Buy" among analysts.
• Armstrong World Industries recently reported earnings per share of $2.09, exceeding estimates of $1.75, alongside a revenue increase of 16.3% year-over-year.

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,780 shares of the construction company's stock, valued at approximately $289,000.

Several other hedge funds also recently bought and sold shares of AWI. GAMMA Investing LLC raised its stake in shares of Armstrong World Industries by 15,282.7% during the 1st quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock worth $398,530,000 after purchasing an additional 281,048 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Armstrong World Industries by 131.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock valued at $62,060,000 after buying an additional 250,133 shares in the last quarter. Invesco Ltd. raised its stake in shares of Armstrong World Industries by 34.0% in the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock valued at $95,886,000 after acquiring an additional 172,779 shares in the last quarter. Nuveen LLC bought a new position in shares of Armstrong World Industries in the first quarter valued at approximately $23,449,000. Finally, Global Alpha Capital Management Ltd. bought a new position in Armstrong World Industries in the 1st quarter worth $21,301,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of AWI traded down $0.38 during trading hours on Monday, hitting $196.19. The stock had a trading volume of 208,953 shares, compared to its average volume of 339,844. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.16 and a beta of 1.46. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. The company's fifty day moving average is $188.51 and its two-hundred day moving average is $162.77. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $200.84.

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

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.308 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.6%. Armstrong World Industries's dividend payout ratio is 18.20%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial lifted their price target on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. UBS Group reiterated a "neutral" rating and set a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI raised their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock 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 issued a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries presently has an average rating of "Moderate Buy" and an average price target of $181.50.

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.