Armstrong World Industries, Inc. $AWI Shares Purchased by Amundi

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

A number of other large investors have also recently made changes to their positions in the company. Alyeska Investment Group L.P. increased its holdings in shares of Armstrong World Industries by 9.5% in the first quarter. Alyeska Investment Group L.P. now owns 583,000 shares of the construction company's stock valued at $82,133,000 after purchasing an additional 50,398 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $224,000. Cubist Systematic Strategies LLC increased its stake in Armstrong World Industries by 442.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 108,333 shares of the construction company's stock valued at $15,262,000 after purchasing an additional 88,368 shares in the last quarter. Quarry LP boosted its position in Armstrong World Industries by 38.2% during the first quarter. Quarry LP now owns 1,046 shares of the construction company's stock worth $147,000 after purchasing an additional 289 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Armstrong World Industries by 12.6% during the first quarter. Evergreen Capital Management LLC now owns 2,790 shares of the construction company's stock worth $393,000 after purchasing an additional 312 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $195.57 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. Armstrong World Industries, Inc. has a 12-month low of $118.14 and a 12-month high of $199.73. The company's fifty day moving average is $183.94 and its two-hundred day moving average is $160.09. The company has a market cap of $8.46 billion, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company had revenue of $424.60 million for the quarter, compared to analysts' expectations of $404.05 million. During the same quarter in the previous year, the business posted $1.62 EPS. The business's revenue for the quarter 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. Equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 7th. Armstrong World Industries's dividend payout ratio is presently 18.20%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target for the company. UBS Group reaffirmed a "neutral" rating and issued a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Truist Financial set a $195.00 target price on Armstrong World Industries and gave the company a "buy" rating in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI increased their target price 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. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.13.

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.

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