Dimensional Fund Advisors LP decreased its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 901,636 shares of the construction company's stock after selling 61,295 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.08% of Armstrong World Industries worth $127,014,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Mariner LLC grew its stake in Armstrong World Industries by 7.4% in the 4th quarter. Mariner LLC now owns 3,300 shares of the construction company's stock valued at $466,000 after buying an additional 228 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Armstrong World Industries by 9,641.9% during the fourth quarter. NewEdge Advisors LLC now owns 4,189 shares of the construction company's stock valued at $592,000 after acquiring an additional 4,146 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $198,000. MML Investors Services LLC increased its stake in shares of Armstrong World Industries by 12.8% in the fourth quarter. MML Investors Services LLC now owns 28,807 shares of the construction company's stock worth $4,071,000 after purchasing an additional 3,270 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Armstrong World Industries by 137.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the construction company's stock worth $471,000 after purchasing an additional 1,931 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.
Armstrong World Industries Stock Performance
Shares of NYSE AWI traded down $1.0490 during trading hours on Monday, reaching $196.1910. The stock had a trading volume of 281,509 shares, compared to its average volume of 323,841. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.17 and a beta of 1.43. Armstrong World Industries, Inc. has a twelve month low of $118.14 and a twelve month high of $198.54. The business's fifty day moving average is $173.88 and its two-hundred day moving average is $156.17. 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 announced its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. During the same quarter in the previous year, the firm 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. As a group, research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.
Armstrong World Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors 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 18.20%.
Analysts Set New Price Targets
AWI has been the topic of a number of research analyst reports. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target for the company. 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. UBS Group reaffirmed a "neutral" rating and set a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Finally, Evercore ISI upped their target price 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. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $177.13.
Get Our Latest Analysis on AWI
About Armstrong World Industries
(
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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