Swiss National Bank Sells 1,500 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• Swiss National Bank reduced its stake in Armstrong World Industries by 1.7%, now holding 84,500 shares valued at approximately $11.9 million.
• Armstrong World Industries reported $2.09 earnings per share for the last quarter, surpassing estimates, with revenue of $424.60 million, a 16.3% increase year-over-year.
• The company will pay a quarterly dividend of $0.308 per share on August 21, reflecting an annualized yield of 0.6% and a payout ratio of 18.20%.

Swiss National Bank cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,500 shares of the construction company's stock after selling 1,500 shares during the quarter. Swiss National Bank owned 0.19% of Armstrong World Industries worth $11,904,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AWI. Raymond James Financial Inc. bought a new stake in shares of Armstrong World Industries during the 4th quarter worth $8,375,000. Treasurer of the State of North Carolina boosted its position in shares of Armstrong World Industries by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock worth $2,700,000 after buying an additional 120 shares during the period. Sterling Capital Management LLC boosted its position in shares of Armstrong World Industries by 44.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,966 shares of the construction company's stock worth $278,000 after buying an additional 602 shares during the period. Mariner LLC boosted its position in shares of Armstrong World Industries by 7.4% in the fourth quarter. Mariner LLC now owns 3,300 shares of the construction company's stock worth $466,000 after buying an additional 228 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Armstrong World Industries in the fourth quarter worth $903,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Up 0.9%

AWI traded up $1.75 during trading on Tuesday, reaching $195.61. 27,348 shares of the stock traded hands, compared to its average volume of 323,413. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.43. Armstrong World Industries, Inc. has a fifty-two week low of $118.14 and a fifty-two week high of $197.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. The stock's 50-day simple moving average is $170.55 and its two-hundred day simple moving average is $154.94.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.34. The firm had revenue of $424.60 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.308 per share. The ex-dividend date of this dividend is 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 is currently 18.20%.

Analysts Set New Price Targets

Several analysts have recently commented on AWI shares. Wall Street Zen raised Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. UBS Group reaffirmed a "neutral" rating and issued a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. 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 target price for the company. Loop Capital set a $190.00 target price on Armstrong World Industries and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Finally, Bank of America raised their target price on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Moderate Buy" and an average 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.