Sciencast Management LP Makes New $799,000 Investment in Armstrong World Industries, Inc. $AWI

Key Points

• Sciencast Management LP has acquired 5,670 shares of Armstrong World Industries, Inc., valued at about $799,000, as part of its investment strategy in the first quarter.
• Armstrong World Industries' stock has a market capitalization of $8.52 billion, with a current price of $197.02 and a 12-month high of $199.73.
• The company recently announced a quarterly dividend of $0.308, resulting in a 0.6% dividend yield based on its annualized payout.

Sciencast Management LP acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,670 shares of the construction company's stock, valued at approximately $799,000.

Several other large investors have also recently bought and sold shares of AWI. Captrust Financial Advisors purchased a new position in Armstrong World Industries in the fourth quarter worth $463,000. Crestline Management LP purchased a new position in Armstrong World Industries in the fourth quarter worth $283,000. Deutsche Bank AG raised its position in Armstrong World Industries by 48.8% in the fourth quarter. Deutsche Bank AG now owns 39,402 shares of the construction company's stock worth $5,569,000 after acquiring an additional 12,927 shares in the last quarter. Gotham Asset Management LLC raised its position in Armstrong World Industries by 48.9% in the fourth quarter. Gotham Asset Management LLC now owns 4,027 shares of the construction company's stock worth $569,000 after acquiring an additional 1,323 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Armstrong World Industries in the fourth quarter worth $338,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of AWI traded down $2.51 during trading hours on Friday, reaching $196.62. 258,173 shares of the company traded hands, compared to its average volume of 329,162. 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 stock has a market capitalization of $8.51 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $200.84. The stock has a fifty day simple moving average of $185.15 and a 200 day simple moving average of $160.89.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted 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. The business had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The business's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a dividend of $0.308 per share. 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 presently 18.20%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AWI shares. Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Truist Financial raised their price target on Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the company a "hold" rating in a research report on Wednesday, July 30th. Finally, Evercore ISI raised their price target on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $181.50.

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.