Fuller & Thaler Asset Management Inc. Lowers Stake in Armstrong World Industries, Inc. $AWI

Key Points

• Fuller & Thaler Asset Management Inc. has reduced its stake in Armstrong World Industries by 11.4%, now holding approximately 1.7 million shares valued at around $239 million.
• Armstrong World Industries reported strong quarterly earnings of $2.09 per share, significantly surpassing analysts' expectations, and a revenue increase of 16.3% year-over-year.
• The company announced a quarterly dividend of $0.308 per share to be paid on August 21, reflecting a dividend yield of 0.6%.

Fuller & Thaler Asset Management Inc. lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,696,797 shares of the construction company's stock after selling 218,267 shares during the period. Armstrong World Industries comprises approximately 0.9% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 16th largest holding. Fuller & Thaler Asset Management Inc. owned about 3.91% of Armstrong World Industries worth $239,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC boosted its holdings in Armstrong World Industries by 100.0% in the first 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 purchasing an additional 287 shares during the period. Versant Capital Management Inc acquired a new position in Armstrong World Industries in the first quarter valued at approximately $54,000. Covestor Ltd lifted its holdings in 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 acquiring an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in 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 Price Performance

Shares of NYSE AWI traded up $3.7640 during trading on Friday, reaching $197.3040. The company had a trading volume of 299,564 shares, compared to its average volume of 484,062. The stock has a market capitalization of $8.54 billion, a PE ratio of 29.19, a price-to-earnings-growth 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 twelve month low of $118.14 and a twelve month high of $198.54. The stock has a 50-day moving average price of $173.88 and a two-hundred day moving average price of $156.12.

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

Armstrong World Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AWI. 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 report on Wednesday, July 30th. Bank of America upped their target price on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 target price for the company. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Evercore ISI increased their price target on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.