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. lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 75.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Armstrong World Industries during the first quarter worth about $2,508,000. Versor Investments LP acquired a new stake in Armstrong World Industries during the 1st quarter valued at approximately $596,000. Wealth Enhancement Advisory Services LLC increased its holdings in Armstrong World Industries by 113.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock worth $672,000 after purchasing an additional 2,538 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Armstrong World Industries by 194.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock worth $683,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at approximately $2,326,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

NYSE AWI traded up $1.37 during trading hours on Wednesday, reaching $195.57. The company's stock had a trading volume of 223,411 shares, compared to its average volume of 341,517. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $183.94 and a 200 day simple moving average of $160.09. Armstrong World Industries, Inc. has a 52 week low of $118.14 and a 52 week high of $199.73. The stock has a market cap of $8.46 billion, a PE ratio of 28.93, a PEG ratio of 2.14 and a beta of 1.46.

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 for the quarter, topping analysts' consensus estimates of $1.75 by $0.34. The business had revenue of $424.60 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Analyst Ratings Changes

AWI has been the subject of a number of research analyst reports. 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. Bank of America raised their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the stock a "hold" rating in a research report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Finally, Truist Financial set a $195.00 price objective on Armstrong World Industries and gave the company a "buy" rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Armstrong World Industries presently has a consensus 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.