Pallas Capital Advisors LLC Makes New Investment in Armstrong World Industries, Inc. $AWI

Key Points

• Pallas Capital Advisors LLC has taken a new position in Armstrong World Industries, acquiring 3,935 shares valued at approximately $639,000.
• Armstrong World Industries reported a quarterly **earnings per share** of $2.09, which exceeded analysts' expectations by $0.34, contributing to a revenue increase of **16.3% year-over-year**.
• The company has announced a quarterly dividend of $0.308 per share, representing a **0.6% yield**, with a payout ratio of 18.20%.

Pallas Capital Advisors LLC bought a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,935 shares of the construction company's stock, valued at approximately $639,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AWI. Quantbot Technologies LP purchased a new stake in shares of Armstrong World Industries in the 1st quarter valued at $2,508,000. Versor Investments LP purchased a new position in shares of Armstrong World Industries in the first quarter worth about $596,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Armstrong World Industries by 113.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock valued at $672,000 after acquiring an additional 2,538 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Armstrong World Industries by 194.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock valued at $683,000 after acquiring an additional 3,200 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Armstrong World Industries during the 4th quarter worth approximately $2,326,000. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AWI shares. Truist Financial raised their target price on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Evercore ISI lifted their price target on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Armstrong World Industries currently has a consensus rating of "Moderate Buy" and an average price target of $181.50.

Armstrong World Industries Stock Performance

Shares of NYSE:AWI traded down $0.89 during trading on Friday, hitting $196.53. The company's stock had a trading volume of 645,805 shares, compared to its average volume of 322,532. The company has a 50-day moving average of $187.95 and a 200-day moving average of $162.35. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $200.84. 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 firm has a market cap of $8.50 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.16 and a beta of 1.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.34. The business had revenue of $424.60 million during 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 was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a $0.308 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.6%. Armstrong World Industries's dividend payout ratio is presently 18.20%.

About Armstrong World Industries

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.