Sivia Capital Partners LLC Purchases New Stake in Armstrong World Industries, Inc. $AWI

Key Points

• Sivia Capital Partners LLC acquired 1,789 shares of Armstrong World Industries, valued at approximately $291,000, during the 2nd quarter, indicating growing institutional interest in the company.
• Recent analyst reports have raised target prices for AWI, with Truist Financial suggesting a price target increase from $195.00 to $230.00, indicating bullish sentiment among analysts.
• Armstrong World Industries reported strong quarterly earnings of $2.09 EPS, surpassing expectations, and set its FY 2025 guidance at 7.150-7.300 EPS, demonstrating robust financial performance.

Sivia Capital Partners LLC purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,789 shares of the construction company's stock, valued at approximately $291,000.

A number of other large investors have also modified their holdings of AWI. Kayne Anderson Rudnick Investment Management LLC boosted its stake 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 valued at $188,615,000 after purchasing an additional 8,762 shares during the period. Burgundy Asset Management Ltd. raised its holdings 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 valued at $180,748,000 after buying an additional 84,195 shares during the last quarter. Invesco Ltd. boosted 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. Alyeska Investment Group L.P. grew its holdings in Armstrong World Industries by 9.5% in the 1st quarter. Alyeska Investment Group L.P. now owns 583,000 shares of the construction company's stock worth $82,133,000 after buying an additional 50,398 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Armstrong World Industries by 131.4% in 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 buying an additional 250,133 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of NYSE AWI traded down $0.38 during trading on Monday, hitting $196.19. The company had a trading volume of 208,953 shares, compared to its average volume of 339,844. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $200.84. The company has a market cap of $8.49 billion, a P/E ratio of 29.02, a PEG ratio of 2.16 and a beta of 1.46. 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 is $188.51 and its 200 day moving average is $162.77.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $424.60 million for the quarter, compared to analysts' expectations of $404.05 million. During the same quarter last year, the business posted $1.62 EPS. Armstrong World Industries's 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. Equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on AWI. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target for the company. UBS Group reaffirmed a "neutral" rating and issued a $178.00 price objective (up previously from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Saturday. Evercore ISI boosted 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 report on Wednesday, July 30th. Finally, Truist Financial increased their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a report on Friday, September 12th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

About Armstrong World Industries

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.