Petrus Trust Company LTA Invests $211,000 in Armstrong World Industries, Inc. $AWI

Key Points

• Petrus Trust Company LTA has acquired 1,501 shares of Armstrong World Industries, valued at approximately $211,000, marking a significant investment in the company during the first quarter of the year.
• Armstrong World Industries reported earnings of $2.09 per share for the last quarter, exceeding analysts' estimates, with a year-over-year revenue increase of 16.3%.
• The company announced a quarterly dividend of $0.308 per share, representing an annual yield of 0.6% and a payout ratio of 18.20%.

Petrus Trust Company LTA acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,501 shares of the construction company's stock, valued at approximately $211,000.

Other large investors have also modified their holdings of the company. PharVision Advisers LLC raised its stake in Armstrong World Industries by 89.2% during the 1st quarter. PharVision Advisers LLC now owns 2,992 shares of the construction company's stock valued at $422,000 after purchasing an additional 1,411 shares during the last quarter. Millennium Management LLC raised its stake in Armstrong World Industries by 571.7% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company's stock valued at $16,581,000 after purchasing an additional 100,175 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Armstrong World Industries by 1,293.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 46,046 shares of the construction company's stock valued at $6,487,000 after purchasing an additional 42,741 shares during the last quarter. AQR Capital Management LLC raised its stake in Armstrong World Industries by 91.7% during the 1st quarter. AQR Capital Management LLC now owns 248,363 shares of the construction company's stock valued at $34,296,000 after purchasing an additional 118,830 shares during the last quarter. Finally, Amundi raised its stake in Armstrong World Industries by 55.1% during the 1st quarter. Amundi now owns 35,227 shares of the construction company's stock valued at $4,757,000 after purchasing an additional 12,514 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Performance

Armstrong World Industries stock traded up $0.42 on Monday, hitting $196.94. The company's stock had a trading volume of 37,921 shares, compared to its average volume of 325,510. The firm has a market cap of $8.52 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $185.15 and a 200-day moving average price of $160.89. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $200.84.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The firm had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The business'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. On average, equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Truist Financial upped their target price on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research note on Friday. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. initiated coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target on the stock. Finally, UBS Group reissued a "neutral" rating and issued a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. 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 currently has an average rating of "Moderate Buy" and a consensus price target 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.