Jane Street Group LLC Acquires 41,417 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• Jane Street Group LLC increased its stock position in Armstrong World Industries by 144.2% in the first quarter, holding 70,136 shares valued at approximately $9.88 million.
• Analysts have mixed opinions on the stock, with a consensus target price of $177.13 and ratings ranging from "Buy" to "Hold".
• Armstrong World Industries reported earnings per share of $2.09 for the latest quarter, exceeding estimates, and set its FY 2025 guidance at 7.150-7.300 EPS.

Jane Street Group LLC increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 144.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,136 shares of the construction company's stock after acquiring an additional 41,417 shares during the quarter. Jane Street Group LLC owned about 0.16% of Armstrong World Industries worth $9,881,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Armstrong World Industries by 0.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company's stock valued at $188,615,000 after acquiring an additional 8,762 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Armstrong World Industries by 7.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company's stock valued at $180,748,000 after buying an additional 84,195 shares during the period. Invesco Ltd. lifted its holdings in Armstrong World Industries by 34.0% in the first quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock valued at $95,886,000 after buying an additional 172,779 shares during the period. Northern Trust Corp raised its position in shares of Armstrong World Industries by 23.4% during the 4th quarter. Northern Trust Corp now owns 289,289 shares of the construction company's stock valued at $40,885,000 after acquiring an additional 54,923 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Armstrong World Industries by 15,282.7% during the 1st quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock valued at $398,530,000 after acquiring an additional 281,048 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Up 1.3%

Armstrong World Industries stock traded up $2.52 during mid-day trading on Thursday, reaching $197.13. The company's stock had a trading volume of 306,905 shares, compared to its average volume of 324,785. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.46. The business's 50 day simple moving average is $180.66 and its 200 day simple moving average is $158.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. Armstrong World Industries, Inc. has a 12 month low of $118.14 and a 12 month high of $198.64.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.34. The company had revenue of $424.60 million during 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%.Armstrong World Industries's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company 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 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AWI shares. JPMorgan Chase & Co. initiated coverage on Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price objective for the company. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Truist Financial set a $195.00 price objective 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 from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Finally, 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. Four investment 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $177.13.

Armstrong World Industries 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.