Alyeska Investment Group L.P. Increases Stock Holdings in Armstrong World Industries, Inc. $AWI

Key Points

• Alyeska Investment Group L.P. increased its stake in Armstrong World Industries by 9.5%, owning approximately 1.34% of the company, with a stake valued at $82.13 million.
• Analysts have a consensus rating of "Moderate Buy" for Armstrong World Industries, with an average price target of $177.13, reflecting positive sentiment on the stock.
• The company reported a 16.3% year-over-year revenue increase in its latest quarter, posting earnings per share of $2.09, which surpassed analysts' expectations by $0.34.

Alyeska Investment Group L.P. raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 583,000 shares of the construction company's stock after purchasing an additional 50,398 shares during the period. Alyeska Investment Group L.P. owned about 1.34% of Armstrong World Industries worth $82,133,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its position in shares of Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after buying an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position 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 worth $47,000 after acquiring an additional 287 shares during the period. Versant Capital Management Inc purchased a new position in Armstrong World Industries during the first quarter valued at $54,000. Covestor Ltd grew its position in shares of Armstrong World Industries by 40.5% in the first 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, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Armstrong World Industries during the first quarter worth about $91,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWI has been the topic of several research analyst reports. 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. JPMorgan Chase & Co. began coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 target price on the stock. Bank of America boosted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, UBS Group reissued a "neutral" rating and set a $178.00 price objective (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Moderate Buy" and an average price target of $177.13.

Armstrong World Industries Trading Up 0.5%

AWI traded up $1.06 on Friday, hitting $198.23. The company had a trading volume of 299,215 shares, compared to its average volume of 346,007. The company's fifty day moving average price is $182.09 and its 200 day moving average price is $159.14. Armstrong World Industries, Inc. has a 1 year low of $118.14 and a 1 year high of $199.73. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The firm has a market cap of $8.58 billion, a P/E ratio of 29.32, a PEG ratio of 2.17 and a beta of 1.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results 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 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 last year, the business earned $1.62 earnings per share. The business's revenue for the quarter 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. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

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

Armstrong World Industries Company Profile

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.