Amundi Increases Stake in Armstrong World Industries, Inc. $AWI

Key Points

• Amundi increased its stake in Armstrong World Industries by 55.1%, acquiring an additional 12,514 shares during the first quarter, bringing their total ownership to approximately $4.76 million.
• Armstrong reported earnings per share of $2.09 for the last quarter, surpassing estimates by 34 cents, with revenue growing 16.3% year-over-year.
• The company declared a quarterly dividend of $0.308, representing an annual yield of 0.6%, and has a current payout ratio of 18.20%.

Amundi lifted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 55.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,227 shares of the construction company's stock after purchasing an additional 12,514 shares during the quarter. Amundi owned 0.08% of Armstrong World Industries worth $4,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC grew its stake in shares of Armstrong World Industries by 5.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company's stock worth $221,000 after acquiring an additional 84 shares during the period. Tidal Investments LLC boosted its holdings in Armstrong World Industries by 1.8% in the fourth quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock worth $740,000 after purchasing an additional 93 shares during the last quarter. Bridges Investment Management Inc. grew its position in Armstrong World Industries by 3.4% in the 1st quarter. Bridges Investment Management Inc. now owns 3,027 shares of the construction company's stock worth $426,000 after purchasing an additional 100 shares during the period. Algert Global LLC raised its stake in Armstrong World Industries by 1.7% during the 1st quarter. Algert Global LLC now owns 6,730 shares of the construction company's stock valued at $948,000 after buying an additional 110 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Armstrong World Industries by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 4,136 shares of the construction company's stock valued at $583,000 after buying an additional 127 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

NYSE AWI traded down $1.48 on Tuesday, reaching $195.12. 272,428 shares of the stock were exchanged, compared to its average volume of 319,343. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $200.84. The firm has a market capitalization of $8.44 billion, a PE ratio of 28.86, a PEG ratio of 2.16 and a beta of 1.46. The company's 50-day simple moving average is $186.31 and its two-hundred day simple moving average is $161.43.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.34. The firm 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 company's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 earnings per share. 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 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given 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 presently 18.20%.

Analysts Set New Price Targets

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