PharVision Advisers LLC Boosts Holdings 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 raised its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 89.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,992 shares of the construction company's stock after purchasing an additional 1,411 shares during the quarter. Armstrong World Industries comprises 0.6% of PharVision Advisers LLC's investment portfolio, making the stock its 26th biggest position. PharVision Advisers LLC's holdings in Armstrong World Industries were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AWI. Golden State Wealth Management LLC boosted its holdings 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 purchasing an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 acquiring an additional 287 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Armstrong World Industries in the 1st quarter worth approximately $54,000. Covestor Ltd lifted its holdings in shares of 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 acquiring an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Armstrong World Industries in the 1st quarter worth approximately $91,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Up 1.2%

Shares of AWI traded up $2.37 during midday trading on Thursday, reaching $198.07. The stock had a trading volume of 134,920 shares, compared to its average volume of 325,691. Armstrong World Industries, Inc. has a 1-year low of $121.53 and a 1-year high of $199.73. The company's fifty day simple moving average is $183.94 and its two-hundred day simple moving average is $160.09. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.14 and a beta of 1.46. 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 (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. During the same period last year, the business earned $1.62 EPS. The company's revenue 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. Equities research 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 announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend 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%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group restated a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the stock a "hold" rating 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. Truist Financial set a $195.00 target price on shares of Armstrong World Industries and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Armstrong World Industries has an average rating of "Moderate Buy" and a consensus target price of $177.13.

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.