1,975 Shares in Armstrong World Industries, Inc. $AWI Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 1,975 shares of Armstrong World Industries, Inc. for approximately $321,000, indicating growing interest from institutional investors.
• Armstrong World Industries faced mixed analyst ratings, with four analysts rating the stock as "Buy" and four as "Hold," while the consensus target price is set at $181.50.
• The company reported strong earnings, with a quarterly EPS of $2.09, beating expectations and showing a 16.3% increase in revenue compared to the previous year.

Counterpoint Mutual Funds LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,975 shares of the construction company's stock, valued at approximately $321,000.

A number of other hedge funds have also recently added to or reduced their stakes in AWI. Tidal Investments LLC boosted its holdings in Armstrong World Industries by 1.8% during the fourth quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock worth $740,000 after buying an additional 93 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Armstrong World Industries during the fourth quarter valued at $2,326,000. Jefferies Financial Group Inc. purchased a new position in Armstrong World Industries during the fourth quarter valued at $338,000. Wealth Enhancement Advisory Services LLC purchased a new position in Armstrong World Industries during the fourth quarter valued at $316,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Armstrong World Industries by 652.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AWI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. UBS Group reaffirmed a "neutral" rating and set a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price objective on the stock. 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. Finally, Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Armstrong World Industries has an average rating of "Moderate Buy" and a consensus target price of $181.50.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $193.03 on Thursday. The firm has a 50-day simple moving average of $189.70 and a 200-day simple moving average of $163.20. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 2.14 and a beta of 1.46. 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, 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 issued 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. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The business had revenue of $424.60 million during the quarter, compared to analysts' expectations of $404.05 million. During the same period in the prior year, the business earned $1.62 earnings per share. The company'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, equities 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 disclosed 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. 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 dividend payout ratio (DPR) is presently 18.20%.

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.

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