PharVision Advisers LLC Raises Stake in Armstrong World Industries, Inc. $AWI

Key Points

• PharVision Advisers LLC increased its holdings in Armstrong World Industries by 89.2%, acquiring a total of 2,992 shares valued at approximately $422,000, making it the 26th largest holding in their portfolio.
• Armstrong World Industries reported a strong quarterly earnings result, with $2.09 EPS surpassing analyst estimates by $0.34 and a revenue increase of 16.3% year over year.
• The company declared a $0.308 quarterly dividend, yielding 0.6%, with a payout ratio currently at 18.20% as of the latest dividend announcement.

PharVision Advisers LLC increased its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 89.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,992 shares of the construction company's stock after purchasing an additional 1,411 shares during the period. Armstrong World Industries makes up about 0.6% of PharVision Advisers LLC's holdings, making the stock its 26th biggest holding. PharVision Advisers LLC's holdings in Armstrong World Industries were worth $422,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AWI. Golden State Wealth Management LLC raised its position 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 worth $39,000 after purchasing an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB raised its position 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 worth $47,000 after purchasing an additional 287 shares during the period. Versant Capital Management Inc purchased a new position in Armstrong World Industries in the 1st quarter worth $54,000. Covestor Ltd raised its position in Armstrong World Industries by 40.5% in the 1st quarter. Covestor Ltd now owns 590 shares of the construction company's stock worth $83,000 after purchasing an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Armstrong World Industries in the 1st quarter worth $91,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AWI shares. Bank of America lifted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report 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 report on Wednesday, July 30th. 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. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. began 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.13.

Armstrong World Industries Trading Down 0.7%

Shares of NYSE:AWI traded down $1.41 on Monday, hitting $197.02. The company had a trading volume of 634,392 shares, compared to its average volume of 341,317. The firm's 50-day simple moving average is $182.78 and its two-hundred day simple moving average is $159.61. Armstrong World Industries, Inc. has a 1 year low of $118.14 and a 1 year high of $199.73. 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 firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.18 and a beta of 1.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $404.05 million. During the same period last year, the company posted $1.62 EPS. The company's quarterly revenue was up 16.3% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared 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 (DPR) is 18.20%.

Armstrong World Industries 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.