Aristides Capital LLC Makes New $260,000 Investment in Armstrong World Industries, Inc. $AWI

Key Points

• Aristides Capital LLC has acquired 1,842 shares of Armstrong World Industries, Inc. valued at approximately $260,000, marking significant activity among hedge funds in the first quarter.
• Armstrong World Industries reported a quarterly EPS of $2.09, exceeding analyst expectations by $0.34, with revenue rising 16.3% compared to the same quarter a year ago.
• The company recently declared a dividend of $0.308 per share, yielding 0.6%, with a payout ratio of 18.20%.

Aristides Capital LLC purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,842 shares of the construction company's stock, valued at approximately $260,000.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Armstrong World Industries in the first quarter valued at about $2,508,000. Versor Investments LP bought a new position in Armstrong World Industries in the first quarter valued at approximately $596,000. Wealth Enhancement Advisory Services LLC grew its stake in Armstrong World Industries by 113.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock valued at $672,000 after purchasing an additional 2,538 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Armstrong World Industries by 194.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock worth $683,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $2,326,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AWI shares. JPMorgan Chase & Co. began 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. Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the company a "hold" rating in a research report on Wednesday, July 30th. Evercore ISI upped their target price on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. UBS Group reiterated a "neutral" rating and issued a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Finally, Bank of America lifted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $177.13.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock traded down $0.42 during trading on Thursday, reaching $197.25. The company's stock had a trading volume of 385,810 shares, compared to its average volume of 379,816. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The business's 50-day moving average price is $177.56 and its 200-day moving average price is $157.36. Armstrong World Industries, Inc. has a 52 week low of $118.14 and a 52 week high of $198.64. The firm has a market cap of $8.53 billion, a PE ratio of 29.18, 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 quarterly earnings data 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 analysts' expectations of $404.05 million. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The business's revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.308 dividend. 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%.

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.