Armstrong World Industries, Inc. $AWI Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Armstrong World Industries by 82.8%, owning approximately 47,180 shares valued at $6.6 million, further indicating strong institutional interest with 98.93% of shares held by institutional investors.
• Armstrong World Industries reported improved quarterly earnings of $2.09 per share, exceeding estimates of $1.75 and reflecting a 16.3% revenue growth year-over-year.
• The company announced a quarterly dividend of $0.308 per share, resulting in an annualized yield of 0.6%, with a current dividend payout ratio of 18.20%.

Jump Financial LLC boosted its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 82.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,180 shares of the construction company's stock after buying an additional 21,375 shares during the period. Jump Financial LLC owned approximately 0.11% of Armstrong World Industries worth $6,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AWI. 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 acquiring an additional 84,195 shares during the period. Invesco Ltd. raised its stake in shares of Armstrong World Industries by 34.0% during the 1st 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. Alyeska Investment Group L.P. raised its stake in shares of Armstrong World Industries by 267.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after buying an additional 387,537 shares during the period. Northern Trust Corp raised its stake 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 worth $40,885,000 after buying an additional 54,923 shares during the period. Finally, GAMMA Investing LLC raised its stake 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 worth $398,530,000 after buying an additional 281,048 shares during the period. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

AWI has been the subject of several research analyst reports. Loop Capital set a $190.00 target price on Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. UBS Group reaffirmed 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. initiated coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price for the company. Truist Financial set a $195.00 target price on Armstrong World Industries and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Armstrong World Industries has a consensus rating of "Moderate Buy" and an average price target of $177.13.

Armstrong World Industries Price Performance

NYSE AWI traded down $1.84 during mid-day trading on Friday, hitting $195.73. The stock had a trading volume of 527,827 shares, compared to its average volume of 367,958. The firm's 50 day moving average is $178.44 and its 200 day moving average is $157.71. Armstrong World Industries, Inc. has a twelve month low of $118.14 and a twelve month high of $198.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.15 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 (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $424.60 million during the quarter, compared to the consensus estimate of $404.05 million. During the same period last year, the company earned $1.62 EPS. The company's revenue for the quarter was up 16.3% on a year-over-year basis. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities research analysts forecast 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. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.6%. Armstrong World Industries's dividend payout ratio (DPR) is 18.20%.

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.