Quantbot Technologies LP Makes New Investment in Armstrong World Industries, Inc. $AWI

Key Points

• Quantbot Technologies LP acquired 17,804 shares of Armstrong World Industries, valued at approximately $2.5 million, according to its recent SEC filing.
• Armstrong World Industries reported earnings of $2.09 per share, exceeding estimates, and forecasted FY 2025 EPS between $7.150-$7.300.
• The company declared a quarterly dividend of $0.308 per share, with a payout ratio of 18.20%, payable on August 21st.

Quantbot Technologies LP bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,804 shares of the construction company's stock, valued at approximately $2,508,000.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Armstrong World Industries by 100.0% during the first 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 increased its holdings in shares of Armstrong World Industries by 652.3% during the first 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 bought a new position in shares of Armstrong World Industries during the first quarter worth approximately $54,000. Covestor Ltd increased its holdings in shares of Armstrong World Industries by 40.5% during the first 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 bought a new position in shares of Armstrong World Industries during the first quarter worth approximately $91,000. 98.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

AWI has been the topic of several recent research reports. JPMorgan Chase & Co. started 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. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group reissued a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Truist Financial set a $195.00 price objective on shares of Armstrong World Industries and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI lifted their price objective on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.13.

Armstrong World Industries Price Performance

Shares of NYSE AWI traded up $1.27 during midday trading on Tuesday, reaching $197.52. 25,079 shares of the company were exchanged, compared to its average volume of 321,972. The stock's 50-day moving average price is $174.76 and its 200-day moving average price is $156.48. The stock has a market cap of $8.54 billion, a P/E ratio of 29.22, a PEG ratio of 2.17 and a beta of 1.43. Armstrong World Industries, Inc. has a one year low of $118.14 and a one year high of $198.54. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.34. The firm had revenue of $424.60 million for 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 company's revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous 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, sell-side 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 business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a dividend of $0.308 per share. 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 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.