Armstrong World Industries, Inc. $AWI Shares Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. significantly increased its holdings in Armstrong World Industries, buying 5,467 additional shares for a total of 9,021 shares, valued at $1,271,000.
• The company's earnings per share (EPS) for the most recent quarter was $2.09, surpassing analysts' expectations and marking a 16.3% revenue increase compared to the previous year.
• Armstrong World Industries announced a quarterly dividend of $0.308 per share, resulting in an annualized dividend yield of 0.6%.

Fox Run Management L.L.C. increased its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 153.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,021 shares of the construction company's stock after purchasing an additional 5,467 shares during the period. Fox Run Management L.L.C.'s holdings in Armstrong World Industries were worth $1,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Armstrong World Industries by 113.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock worth $672,000 after buying an additional 2,538 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Armstrong World Industries by 194.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock worth $683,000 after acquiring an additional 3,200 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Armstrong World Industries in the 4th quarter worth $2,326,000. Golden State Wealth Management LLC lifted its position in Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after acquiring an additional 140 shares during the period. Finally, GAMMA Investing LLC grew its stake in Armstrong World Industries by 9.2% during the 1st quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company's stock valued at $283,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group restated 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. JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target on the stock. Evercore ISI lifted their price objective on shares of 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. Truist Financial set a $195.00 price objective on shares of Armstrong World Industries and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Four equities 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $177.13.

Armstrong World Industries Stock Performance

NYSE:AWI traded down $1.79 during trading hours on Wednesday, reaching $193.48. The company had a trading volume of 286,104 shares, compared to its average volume of 487,747. 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, Inc. has a 1-year low of $118.14 and a 1-year high of $197.04. The business's 50 day moving average price is $172.16 and its 200-day moving average price is $155.48. The firm has a market cap of $8.37 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.15 and a beta of 1.43.

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, topping analysts' consensus estimates of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The business had revenue of $424.60 million for the quarter, compared to analysts' expectations of $404.05 million. During the same quarter last year, the company earned $1.62 EPS. The business's revenue 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. Research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

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

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.