Armstrong World Industries, Inc. $AWI Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Armstrong World Industries by 21.2% in Q2, now holding 27,400 shares worth approximately $4.45 million.
• Armstrong reported earnings of $2.09 per share for the last quarter, exceeding estimates by $0.34, with a year-over-year revenue increase of 16.3% to $424.6 million.
• The company declared a quarterly dividend of $0.308, reflecting an annualized yield of 0.6%, as part of a payout ratio of 18.20%.

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 21.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,400 shares of the construction company's stock after purchasing an additional 4,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.06% of Armstrong World Industries worth $4,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AWI. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Armstrong World Industries by 0.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company's stock worth $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% during 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 purchasing an additional 84,195 shares in the last quarter. Invesco Ltd. raised its position in shares of 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 last quarter. Alyeska Investment Group L.P. raised its position in shares of Armstrong World Industries by 9.5% in the first quarter. Alyeska Investment Group L.P. now owns 583,000 shares of the construction company's stock valued at $82,133,000 after buying an additional 50,398 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Armstrong World Industries by 131.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock worth $62,060,000 after purchasing an additional 250,133 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.2%

Shares of Armstrong World Industries stock traded down $0.38 during mid-day trading on Monday, hitting $196.19. 208,952 shares of the stock were exchanged, compared to its average volume of 327,012. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $200.84. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46. The company has a 50-day simple moving average of $187.95 and a 200 day simple moving average of $162.45. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59.

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

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given 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 dividend payout ratio is 18.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. UBS Group reiterated a "neutral" rating and issued a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Evercore ISI lifted their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the stock a "hold" 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's stock. According to MarketBeat.com, Armstrong World Industries presently has an average rating of "Moderate Buy" and a consensus target price of $181.50.

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.