Jacobs Levy Equity Management Inc. Raises Stock Holdings in Armstrong World Industries, Inc. $AWI

Jacobs Levy Equity Management Inc. lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 1,293.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,046 shares of the construction company's stock after purchasing an additional 42,741 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.11% of Armstrong World Industries worth $6,487,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AWI. GAMMA Investing LLC raised its position in shares of Armstrong World Industries by 15,282.7% during the first quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock worth $398,530,000 after purchasing an additional 281,048 shares during the period. Invesco Ltd. boosted its holdings in Armstrong World Industries by 34.0% during the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock worth $95,886,000 after acquiring an additional 172,779 shares during the last quarter. Nuveen LLC purchased a new position in Armstrong World Industries during the 1st quarter worth $23,449,000. Global Alpha Capital Management Ltd. purchased a new position in Armstrong World Industries during the 1st quarter worth $21,301,000. Finally, AQR Capital Management LLC boosted its holdings in Armstrong World Industries by 91.7% during the 1st quarter. AQR Capital Management LLC now owns 248,363 shares of the construction company's stock worth $34,296,000 after acquiring an additional 118,830 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

AWI stock traded down $2.51 during mid-day trading on Friday, reaching $196.62. 258,173 shares of the company traded hands, compared to its average volume of 336,380. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. The company has a market capitalization of $8.51 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.19 and a beta of 1.46. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $200.84. The company has a fifty day moving average price of $185.15 and a 200-day moving average price of $160.82.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its 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. The business had revenue of $424.60 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.308 per share. The ex-dividend date of this dividend 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 presently 18.20%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AWI shares. 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 price objective on the stock. Truist Financial lifted their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Evercore ISI lifted their target price 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. Finally, 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 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. Based on data from MarketBeat.com, the company presently has a consensus 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.