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Jump Financial LLC Buys 21,375 Shares of Armstrong World Industries, Inc. $AWI

Armstrong World Industries logo with Construction background

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%.
  • Looking to export and analyze Armstrong World Industries data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Armstrong World Industries during the first quarter worth $2,508,000. Versor Investments LP acquired a new stake in shares of Armstrong World Industries in the first quarter worth $596,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Armstrong World Industries by 113.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock worth $672,000 after buying an additional 2,538 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Armstrong World Industries by 194.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock worth $683,000 after buying an additional 3,200 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Armstrong World Industries in the fourth quarter worth $2,326,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

AWI traded up $0.05 on Wednesday, hitting $197.61. The company had a trading volume of 344,491 shares, compared to its average volume of 406,643. The company's fifty day moving average price is $176.64 and its 200 day moving average price is $157.05. Armstrong World Industries, Inc. has a 1-year low of $118.14 and a 1-year 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 cap of $8.55 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.34. The firm had revenue of $424.60 million during the quarter, compared to analyst estimates of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company's revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 7th. Armstrong World Industries's dividend payout ratio is currently 18.20%.

Analysts Set New Price Targets

AWI has been the topic of a number of research reports. Evercore ISI upped their target price on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Loop Capital set a $190.00 target price on Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. Bank of America upped their price target 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. Truist Financial set a $195.00 price target on shares of Armstrong World Industries and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. began coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 target price on the stock. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $177.13.

View Our Latest Report on Armstrong World Industries

Armstrong World Industries Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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