Armstrong World Industries, Inc. $AWI Shares Sold by Deutsche Bank AG

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 holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 79.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AWI. Golden State Wealth Management LLC boosted its stake in Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after buying an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Armstrong World Industries by 652.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Armstrong World Industries in the 1st quarter valued at about $54,000. Archer Investment Corp acquired a new position in shares of Armstrong World Industries in the 1st quarter valued at about $113,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Armstrong World Industries by 29.3% in the 1st quarter. First Horizon Advisors Inc. now owns 895 shares of the construction company's stock valued at $126,000 after purchasing an additional 203 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $197.3040 on Friday. The stock's 50 day moving average price is $173.88 and its 200 day moving average price is $156.14. The firm has a market capitalization of $8.54 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. Armstrong World Industries, Inc. has a one year low of $118.14 and a one year high of $198.54.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.75 by $0.34. The firm had revenue of $424.60 million for 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%.Armstrong World Industries's revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend 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

AWI has been the topic of several research analyst reports. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price objective on the stock. UBS Group reaffirmed a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Finally, Evercore ISI lifted their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating 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's stock. According to MarketBeat, Armstrong World Industries presently has an average rating of "Moderate Buy" and a consensus target price of $177.13.

About Armstrong World Industries

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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