Quantbot Technologies LP Purchases Shares of 17,804 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 Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 1st quarter, according to the company in 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 institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC lifted its stake 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 acquiring an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased 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 valued at $47,000 after purchasing an additional 287 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Armstrong World Industries in the first quarter worth approximately $54,000. Covestor Ltd boosted 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 purchased a new position in Armstrong World Industries during the first quarter valued at approximately $91,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Up 1.9%

NYSE AWI traded up $3.7640 during trading on Friday, hitting $197.3040. 299,564 shares of the company traded hands, compared to its average volume of 484,062. Armstrong World Industries, Inc. has a 12 month low of $118.14 and a 12 month high of $198.54. The business has a fifty day simple moving average of $173.88 and a 200 day simple moving average of $156.14. The company has a market capitalization of $8.54 billion, a P/E ratio of 29.19, a PEG ratio of 2.17 and a beta of 1.43. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59.

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

Armstrong World Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AWI. Bank of America increased 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. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday. Truist Financial set a $195.00 price objective on Armstrong World Industries and gave the company a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 target price on the stock. Finally, UBS Group reaffirmed a "neutral" rating and set a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.