Andina Capital Management LLC Invests $455,000 in Armstrong World Industries, Inc. $AWI

Key Points

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

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in shares of Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after purchasing an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Armstrong World Industries by 652.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the period. Versant Capital Management Inc bought a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $54,000. Covestor Ltd grew its stake in shares of Armstrong World Industries by 40.5% in 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, Caitong International Asset Management Co. Ltd bought a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $91,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Price Performance

Shares of NYSE AWI traded up $3.7640 during trading on Friday, reaching $197.3040. The company had a trading volume of 299,564 shares, compared to its average volume of 484,062. Armstrong World Industries, Inc. has a 52 week low of $118.14 and a 52 week high of $198.54. The stock has a market cap of $8.54 billion, a PE ratio of 29.19, 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 business's 50 day moving average price is $173.88 and its 200-day moving average price is $156.12.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping 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 company had revenue of $424.60 million during the quarter, compared to the consensus estimate of $404.05 million. During the same period in the previous year, the firm posted $1.62 earnings per share. The company's 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 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Thursday, August 7th. This represents a $1.23 annualized dividend and a dividend yield of 0.6%. Armstrong World Industries's payout ratio is currently 18.20%.

Analyst Ratings Changes

Several research firms have recently weighed in on AWI. 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 research note on Wednesday, July 30th. Evercore ISI boosted their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Truist Financial set a $195.00 price target on shares of Armstrong World Industries and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Friday. Finally, JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Armstrong World Industries has an average rating of "Moderate Buy" and a consensus price target of $177.13.

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.