166,445 Shares in Armstrong World Industries, Inc. $AWI Purchased by Nuveen LLC

Key Points

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Nuveen LLC bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 166,445 shares of the construction company's stock, valued at approximately $23,449,000. Nuveen LLC owned approximately 0.38% of Armstrong World Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of AWI. Golden State Wealth Management LLC lifted its stake in Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after acquiring an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Armstrong World Industries by 652.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after acquiring an additional 287 shares in the last quarter. Versant Capital Management Inc bought a new stake in Armstrong World Industries in the 1st quarter valued at approximately $54,000. Covestor Ltd lifted its stake in Armstrong World Industries by 40.5% in the 1st quarter. Covestor Ltd now owns 590 shares of the construction company's stock valued at $83,000 after acquiring an additional 170 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in Armstrong World Industries in the 1st quarter valued at approximately $113,000. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

NYSE:AWI traded up $3.6450 during trading hours on Friday, hitting $197.1850. The company's stock had a trading volume of 150,698 shares, compared to its average volume of 323,138. The stock has a fifty day simple moving average of $172.95 and a 200-day simple moving average of $155.79. The company has a market capitalization of $8.53 billion, a P/E ratio of 29.17, a PEG ratio of 2.13 and a beta of 1.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a twelve month low of $118.14 and a twelve month high of $198.54.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released 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 business had revenue of $424.60 million for 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%.Armstrong World Industries's revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AWI shares. Evercore ISI upped their price objective on 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. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Bank of America upped their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price objective on the stock. Finally, Wall Street Zen upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.13.

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.