Fuller & Thaler Asset Management Inc. Has $239.05 Million 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. reduced its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & 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 makes up about 0.9% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 16th largest position. Fuller & Thaler Asset Management Inc. owned approximately 3.91% of Armstrong World Industries worth $239,045,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings 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 acquiring an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings 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 acquiring an additional 287 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Armstrong World Industries during the first quarter valued at $54,000. Covestor Ltd lifted its holdings in shares of Armstrong World Industries by 40.5% during 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 last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Armstrong World Industries during the first quarter valued at $91,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Up 1.9%

AWI stock traded up $3.7640 during mid-day trading on Friday, hitting $197.3040. The stock had a trading volume of 299,564 shares, compared to its average volume of 324,107. 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 1-year low of $118.14 and a 1-year high of $198.54. The company has a fifty day moving average of $172.95 and a 200 day moving average of $155.79. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.13 and a beta of 1.43.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. During the same period in the prior year, the firm posted $1.62 EPS. The business's revenue was up 16.3% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders 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 presently 18.20%.

Analyst Upgrades and Downgrades

AWI has been the subject of several analyst reports. Evercore ISI upped their target price on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Truist Financial set a $195.00 target price on Armstrong World Industries and gave the company a "buy" rating in a report on Wednesday, July 30th. Loop Capital set a $190.00 target price on Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price for the company. Finally, Wall Street Zen raised Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Armstrong World Industries has an average rating of "Moderate Buy" and a consensus target price of $177.13.

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.