Armstrong World Industries, Inc. $AWI Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Armstrong World Industries by 6.4%, owning approximately 2.08% of the company, valued at $127 million.
• Several hedge funds significantly increased their holdings in Armstrong World Industries, with GAMMA Investing LLC leading with a 15,282.7% increase in the first quarter.
• Armstrong World Industries recently announced a quarterly dividend of $0.308 per share, representing an annual yield of 0.6%, with a current payout ratio of 18.20%.

Dimensional Fund Advisors LP lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 2.08% of Armstrong World Industries worth $127,014,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Armstrong World Industries by 100.0% during the first 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 period. MassMutual Private Wealth & Trust FSB boosted its stake in Armstrong World Industries by 652.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock worth $47,000 after buying an additional 287 shares during the period. Versant Capital Management Inc purchased a new position in Armstrong World Industries during the first quarter worth about $54,000. Covestor Ltd boosted its stake in shares of Armstrong World Industries by 40.5% in the first quarter. Covestor Ltd now owns 590 shares of the construction company's stock valued at $83,000 after purchasing an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Armstrong World Industries in the first quarter valued at approximately $91,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Up 0.0%

Armstrong World Industries stock traded up $0.05 during trading on Wednesday, reaching $197.61. The stock had a trading volume of 344,491 shares, compared to its average volume of 406,643. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. Armstrong World Industries, Inc. has a 52-week low of $118.14 and a 52-week high of $198.64. The business has a 50 day moving average price of $176.64 and a 200 day moving average price of $157.05. The stock has a market cap of $8.55 billion, a PE ratio of 29.23, a P/E/G ratio of 2.17 and a beta of 1.43.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share 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 company 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 earnings per share. The firm'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, analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

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

Analysts Set New Price Targets

AWI has been the subject of several recent research reports. Truist Financial set a $195.00 price objective on shares of Armstrong World Industries and gave the company a "buy" rating in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Evercore ISI raised 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. Finally, JPMorgan Chase & Co. initiated 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 objective for the company. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $177.13.

Armstrong World Industries Company 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.