Armstrong World Industries, Inc. $AWI Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 91.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,363 shares of the construction company's stock after purchasing an additional 118,830 shares during the quarter. AQR Capital Management LLC owned about 0.57% of Armstrong World Industries worth $34,296,000 as of its most recent SEC filing.

Other hedge funds also recently 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% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after buying an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Armstrong World Industries by 652.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Armstrong World Industries during the 1st quarter valued at about $54,000. Covestor Ltd raised its position in shares of Armstrong World Industries by 40.5% during the 1st quarter. Covestor Ltd now owns 590 shares of the construction company's stock valued at $83,000 after buying an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Armstrong World Industries during the first quarter valued at approximately $91,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Down 0.8%

AWI traded down $1.60 during trading on Friday, hitting $197.53. The stock had a trading volume of 47,177 shares, compared to its average volume of 325,938. 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 company has a market capitalization of $8.55 billion, a PE ratio of 29.22, a PEG ratio of 2.15 and a beta of 1.46. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $200.84. The stock has a 50 day simple moving average of $184.57 and a two-hundred day simple moving average of $160.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.34. The business had revenue of $424.60 million during the quarter, compared to the consensus estimate of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company's quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders 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 presently 18.20%.

Analysts Set New Price Targets

AWI has been the topic of a number of recent analyst reports. Truist Financial increased their target price on Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Evercore ISI increased their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target on the stock. Finally, UBS Group reissued a "neutral" rating and set a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $181.50.

Armstrong World Industries 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.