Deutsche Bank AG Has $1.13 Million Stock Holdings in Armstrong World Industries, Inc. $AWI

Key Points

• Deutsche Bank AG reduced its holdings in Armstrong World Industries by 79.7%, selling 31,404 shares and leaving them with approximately 7,998 shares valued at $1,127,000.
• Armstrong World Industries reported a quarterly EPS of $2.09, exceeding estimates, with revenue rising 16.3% year-over-year.
• The company declared a quarterly dividend of $0.308 per share, with an annualized dividend yield of 0.6% and a payout ratio of 18.20%.

Deutsche Bank AG trimmed its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 79.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,998 shares of the construction company's stock after selling 31,404 shares during the period. Deutsche Bank AG's holdings in Armstrong World Industries were worth $1,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC boosted its holdings in Armstrong World Industries by 5.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company's stock worth $221,000 after purchasing an additional 84 shares during the last quarter. Tidal Investments LLC boosted its holdings in Armstrong World Industries by 1.8% during 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. boosted its holdings in Armstrong World Industries by 3.4% during the first 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 last quarter. Cetera Investment Advisers increased its holdings in Armstrong World Industries by 3.2% during the first quarter. Cetera Investment Advisers now owns 4,136 shares of the construction company's stock worth $583,000 after buying an additional 127 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Armstrong World Industries by 6.8% during the first quarter. Pacer Advisors Inc. now owns 2,156 shares of the construction company's stock worth $304,000 after buying an additional 137 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Armstrong World Industries stock traded down $1.84 during mid-day trading on Friday, hitting $195.73. 527,827 shares of the company's stock traded hands, compared to its average volume of 367,958. The firm has a 50 day simple moving average of $178.44 and a two-hundred day simple moving average of $157.66. Armstrong World Industries, Inc. has a fifty-two week low of $118.14 and a fifty-two week high of $198.64. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 2.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. During the same period in the prior year, the firm posted $1.62 EPS. The company'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. On average, research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis 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 currently 18.20%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AWI. Bank of America boosted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. UBS Group restated a "neutral" rating and set a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the stock a "hold" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. initiated 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. Four research 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 company has a consensus rating of "Moderate Buy" and an average 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.