Ieq Capital LLC Raises Stake in Armstrong World Industries, Inc. $AWI

Key Points

• Ieq Capital LLC significantly increased its holdings in Armstrong World Industries by purchasing an additional 15,203 shares, raising its total ownership to 18,752 shares, valued at approximately $2.64 million.
• Armstrong World Industries reported $2.09 earnings per share (EPS) for the last quarter, exceeding the consensus estimate by $0.34, and registered a revenue of $424.60 million.
• The company's dividend yield stands at 0.6%, with a recent quarterly dividend of $0.308 per share paid out to stockholders of record as of August 7th.

Ieq Capital LLC increased its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 428.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,752 shares of the construction company's stock after buying an additional 15,203 shares during the quarter. Ieq Capital LLC's holdings in Armstrong World Industries were worth $2,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC increased its stake in shares of Armstrong World Industries by 5.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company's stock valued at $221,000 after buying an additional 84 shares during the period. Tidal Investments LLC increased its position in Armstrong World Industries by 1.8% during the 4th quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock valued at $740,000 after purchasing an additional 93 shares during the period. Bridges Investment Management Inc. increased its position in Armstrong World Industries by 3.4% during the 1st quarter. Bridges Investment Management Inc. now owns 3,027 shares of the construction company's stock valued at $426,000 after purchasing an additional 100 shares during the period. Algert Global LLC increased its position in Armstrong World Industries by 1.7% during the 1st quarter. Algert Global LLC now owns 6,730 shares of the construction company's stock valued at $948,000 after purchasing an additional 110 shares during the period. Finally, Cetera Investment Advisers increased its position in Armstrong World Industries by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 4,136 shares of the construction company's stock valued at $583,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Up 0.0%

AWI traded up $0.04 during mid-day trading on Friday, reaching $197.21. 45,882 shares of the stock were exchanged, compared to its average volume of 323,283. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. The stock has a market capitalization of $8.53 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.14 and a beta of 1.46. The company has a 50 day moving average price of $181.39 and a two-hundred day moving average price of $158.83. Armstrong World Industries, Inc. has a 1 year low of $118.14 and a 1 year high of $199.73.

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

Armstrong World Industries Dividend Announcement

The company 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. 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 currently 18.20%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AWI shares. Truist Financial set a $195.00 target price on shares of Armstrong World Industries and gave the company a "buy" rating in a research report on Wednesday, July 30th. UBS Group reissued a "neutral" rating and set a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Bank of America increased their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Evercore ISI increased their target price on shares of 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 given a Hold rating to the company. According to MarketBeat, Armstrong World Industries has a consensus 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.