Advantage Alpha Capital Partners LP Has $3.28 Million Stock Holdings in 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 cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,269 shares of the construction company's stock after selling 1,685 shares during the period. Advantage Alpha Capital Partners LP owned 0.05% of Armstrong World Industries worth $3,278,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Burgundy Asset Management Ltd. increased its holdings in 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 worth $180,748,000 after buying an additional 84,195 shares during the last quarter. Invesco Ltd. increased its position in 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 last quarter. Adage Capital Partners GP L.L.C. raised its stake in Armstrong World Industries by 140.4% in 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 buying an additional 389,000 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Armstrong World Industries by 267.1% in 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 buying an additional 387,537 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Armstrong World Industries by 23.4% during the 4th quarter. Northern Trust Corp now owns 289,289 shares of the construction company's stock valued at $40,885,000 after purchasing an additional 54,923 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Trading Up 0.1%

AWI stock traded up $0.20 during trading on Wednesday, hitting $197.76. The company had a trading volume of 76,692 shares, compared to its average volume of 321,486. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. Armstrong World Industries, Inc. has a one year low of $118.14 and a one year high of $198.64. The business has a 50-day moving average of $175.71 and a 200-day moving average of $156.77. The stock has a market cap of $8.56 billion, a PE ratio of 29.25, a PEG ratio of 2.16 and a beta of 1.43.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) 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 company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $404.05 million. During the same period in the previous year, the business earned $1.62 EPS. The firm's 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. 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 paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 7th. Armstrong World Industries's dividend payout ratio is 18.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AWI shares. UBS Group reissued a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. Truist Financial set a $195.00 price objective on shares of Armstrong World Industries and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. began coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.