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Virtu Financial LLC Takes Position in Armstrong World Industries, Inc. $AWI

Armstrong World Industries logo with Construction background

Key Points

  • Virtu Financial LLC acquired 3,461 shares of Armstrong World Industries, Inc. (NYSE:AWI) valued at approximately $488,000 in the 1st quarter.
  • Armstrong World Industries reported a quarterly earnings per share (EPS) of $2.09, significantly exceeding the consensus estimate of $1.75, with a revenue increase of 16.3% year-over-year.
  • The company announced a quarterly dividend of $0.308 per share, reflecting an annualized yield of 0.6%, with a payout ratio of 18.20%.
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Virtu Financial LLC bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,461 shares of the construction company's stock, valued at approximately $488,000.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its holdings in shares of Armstrong World Industries by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after acquiring an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Armstrong World Industries by 652.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the period. Versant Capital Management Inc bought a new position in Armstrong World Industries during the 1st quarter valued at $54,000. Covestor Ltd increased its position in shares of Armstrong World Industries by 40.5% during the 1st quarter. Covestor Ltd now owns 590 shares of the construction company's stock valued at $83,000 after purchasing an additional 170 shares during the period. Finally, Archer Investment Corp acquired a new position in shares of Armstrong World Industries during the 1st quarter valued at $113,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AWI. Bank of America lifted their target price on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Truist Financial set a $195.00 target price on shares of Armstrong World Industries and gave the stock a "buy" rating in a 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 target price on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $177.13.

Check Out Our Latest Analysis on AWI

Armstrong World Industries Stock Down 0.2%

Shares of AWI traded down $0.43 during trading hours on Monday, reaching $193.70. The company's stock had a trading volume of 100,275 shares, compared to its average volume of 323,227. The company has a 50 day moving average of $169.77 and a two-hundred day moving average of $154.64. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 2.13 and a beta of 1.43. Armstrong World Industries, Inc. has a 1-year low of $118.14 and a 1-year high of $197.04.

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 the consensus estimate 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 quarter in the prior year, the business earned $1.62 EPS. The company's revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 7th. Armstrong World Industries's payout ratio is currently 18.20%.

About Armstrong World Industries

(Free Report)

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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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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