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Callan Family Office LLC Invests $201,000 in Armstrong World Industries, Inc. $AWI

Armstrong World Industries logo with Construction background

Key Points

  • Callan Family Office LLC acquired 1,424 shares of Armstrong World Industries valued at approximately $201,000 during the first quarter, joining a significant trend of institutional investment in the company.
  • Armstrong World Industries reported a strong quarterly earnings result, with earnings per share of $2.09, surpassing estimates by $0.34 and achieving 16.3% revenue growth year-over-year.
  • The company has announced a quarterly dividend of $0.308 per share, set to be paid on August 21st, representing an annualized yield of 0.6%.
  • Want stock alerts on Armstrong World Industries? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Callan Family Office LLC bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,424 shares of the construction company's stock, valued at approximately $201,000.

Several other hedge funds have also modified their holdings of AWI. Adage Capital Partners GP L.L.C. boosted its stake in shares of Armstrong World Industries by 140.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock worth $94,126,000 after acquiring an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Armstrong World Industries by 267.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after buying an additional 387,537 shares in the last quarter. GAMMA Investing LLC lifted its stake in Armstrong World Industries by 15,282.7% in the 1st quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock valued at $398,530,000 after buying an additional 281,048 shares in the last quarter. Invesco Ltd. lifted its stake in Armstrong World Industries by 34.0% in the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock valued at $95,886,000 after buying an additional 172,779 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Armstrong World Industries in the 1st quarter valued at about $23,449,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Evercore ISI raised their price target 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. JPMorgan Chase & Co. assumed coverage on shares of Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target on the stock. Finally, Truist Financial set a $195.00 price target on shares of Armstrong World Industries and gave the company a "buy" rating in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Armstrong World Industries has an average rating of "Moderate Buy" and an average target price of $177.13.

Read Our Latest Stock Analysis on Armstrong World Industries

Armstrong World Industries Price Performance

AWI stock traded down $0.4730 during mid-day trading on Thursday, reaching $193.4270. The company's stock had a trading volume of 283,603 shares, compared to its average volume of 489,222. The stock has a market cap of $8.37 billion, a PE ratio of 28.61, a P/E/G ratio of 2.13 and a beta of 1.43. 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 fifty-two week low of $118.14 and a fifty-two week high of $197.04. The company's 50 day moving average is $172.95 and its two-hundred day moving average is $155.79.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released 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. The company had revenue of $424.60 million during the quarter, compared to the consensus estimate of $404.05 million. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. Armstrong World Industries's quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.308 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.6%. Armstrong World Industries's dividend payout ratio (DPR) is currently 18.20%.

Armstrong World Industries Profile

(Free Report)

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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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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