Advantage Alpha Capital Partners LP Sells 1,685 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• Advantage Alpha Capital Partners LP decreased its holdings in Armstrong World Industries by 6.8%, now owning 23,269 shares valued at approximately $3.28 million.
• Armstrong World Industries recently reported $2.09 earnings per share for the quarter, surpassing expectations and registering a 16.3% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.308 per share, representing an annualized yield of 0.6%, with a payout ratio of 18.20%.

Advantage Alpha Capital Partners LP decreased its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,269 shares of the construction company's stock after selling 1,685 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.05% of Armstrong World Industries worth $3,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AWI. Adage Capital Partners GP L.L.C. increased its holdings in shares of Armstrong World Industries by 140.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after acquiring an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Armstrong World Industries by 267.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after acquiring an additional 387,537 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Armstrong World Industries by 15,282.7% during the first quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock valued at $398,530,000 after acquiring an additional 281,048 shares in the last quarter. Invesco Ltd. increased its holdings 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 valued at $95,886,000 after acquiring an additional 172,779 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Armstrong World Industries during the first quarter valued at $23,449,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Trading Down 0.2%

Shares of NYSE:AWI opened at $193.4270 on Friday. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.13 and a beta of 1.43. 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 stock's 50-day simple moving average is $172.95 and its two-hundred day simple moving average is $155.79. Armstrong World Industries, Inc. has a 52-week low of $118.14 and a 52-week high of $197.04.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $1.62 EPS. The business'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 expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial set a $195.00 price target on Armstrong World Industries and gave the company a "buy" rating in a report on Wednesday, July 30th. Bank of America lifted their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. UBS Group reiterated a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Evercore ISI lifted their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of "Moderate Buy" and a consensus price target of $177.13.

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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