Armstrong World Industries, Inc. $AWI Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. reduced its stake in Armstrong World Industries by 75.3%, holding just 5,192 shares worth approximately $731,000 after selling 15,835 shares in Q1.
• Several large investors increased their positions in Armstrong World Industries, with MassMutual Private Wealth & Trust boosting holdings by 652.3% to 331 shares valued at approximately $47,000.
• Armstrong World Industries reported a quarterly EPS of $2.09, exceeding estimates and indicating a 16.3% revenue increase year-over-year, with a positive FY 2025 guidance set at 7.150-7.300 EPS.

Graham Capital Management L.P. cut its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 75.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,192 shares of the construction company's stock after selling 15,835 shares during the period. Graham Capital Management L.P.'s holdings in Armstrong World Industries were worth $731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Armstrong World Industries by 15,282.7% during the first quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock worth $398,530,000 after buying an additional 281,048 shares during the period. Invesco Ltd. increased its stake in shares of Armstrong World Industries by 34.0% during the first quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock worth $95,886,000 after buying an additional 172,779 shares during the period. Nuveen LLC purchased a new stake in shares of Armstrong World Industries during the first quarter worth approximately $23,449,000. Global Alpha Capital Management Ltd. purchased a new stake in shares of Armstrong World Industries during the first quarter worth approximately $21,301,000. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Armstrong World Industries by 7.0% during the first quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company's stock worth $180,748,000 after buying an additional 84,195 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AWI shares. UBS Group restated a "neutral" rating and set a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a research note on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price on the stock. Truist Financial set a $195.00 target price on shares of Armstrong World Industries and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Bank of America upped their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the stock a "hold" 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.13.

Armstrong World Industries Stock Up 0.5%

AWI traded up $1.06 on Friday, reaching $198.23. The company's stock had a trading volume of 299,215 shares, compared to its average volume of 346,007. The stock has a 50 day moving average of $182.09 and a two-hundred day moving average of $159.18. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 2.18 and a beta of 1.46. Armstrong World Industries, Inc. has a fifty-two week low of $118.14 and a fifty-two week high of $199.73.

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 analysts' consensus estimates of $1.75 by $0.34. The firm had revenue of $424.60 million during the quarter, compared to the consensus estimate of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The firm's quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.308 dividend. 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 dividend payout ratio is 18.20%.

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.