3,227 Shares in Armstrong World Industries, Inc. $AWI Acquired by Andina Capital Management LLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Andina Capital Management LLC bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,227 shares of the construction company's stock, valued at approximately $455,000.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew 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 worth $39,000 after purchasing an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 last quarter. Versant Capital Management Inc bought a new position in shares of Armstrong World Industries in the first quarter worth about $54,000. Covestor Ltd grew its holdings 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 worth $83,000 after purchasing an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Armstrong World Industries in the first quarter worth about $91,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Up 1.9%

Armstrong World Industries stock traded up $3.7640 during midday trading on Friday, hitting $197.3040. 299,564 shares of the company's stock were exchanged, compared to its average volume of 486,224. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. Armstrong World Industries, Inc. has a 12 month low of $118.14 and a 12 month high of $198.54. The firm has a 50-day moving average of $173.88 and a two-hundred day moving average of $156.17. The company has a market cap of $8.54 billion, a PE ratio of 29.19, a P/E/G ratio of 2.17 and a beta of 1.43.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $424.60 million for the quarter, compared to analysts' expectations of $404.05 million. During the same period in the prior year, the business earned $1.62 EPS. The firm'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. As a group, analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 7th. Armstrong World Industries's payout ratio is 18.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AWI shares. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday. Truist Financial set a $195.00 price target 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 price target on shares of Armstrong World Industries and gave the stock a "hold" rating in a report on Wednesday, July 30th. UBS Group reiterated a "neutral" rating and set a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Armstrong World Industries presently has an average rating of "Moderate Buy" and an average target price 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.