47,198 Shares in Armstrong World Industries, Inc. $AWI Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP has made a significant investment of $6.65 million in Armstrong World Industries by purchasing 47,198 shares, representing around 0.11% of the company's stock as of their latest SEC filing.
• Armstrong World Industries reported strong quarterly earnings, with $2.09 per share exceeding analysts' estimates by $0.34, and revenue reaching $424.60 million, up 16.3% year-over-year.
• The company declared a quarterly dividend of $0.308 per share, reflecting an annualized yield of 0.6% and a payout ratio of 18.20% as of the recent announcement.

Trexquant Investment LP purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 47,198 shares of the construction company's stock, valued at approximately $6,649,000. Trexquant Investment LP owned about 0.11% of Armstrong World Industries as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mariner LLC raised its stake 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 acquiring an additional 228 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Armstrong World Industries in the fourth quarter worth about $208,000. Tudor Investment Corp ET AL bought a new position in shares of Armstrong World Industries in the fourth quarter worth about $249,000. Northern Trust Corp raised its stake in shares of Armstrong World Industries by 23.4% in the fourth quarter. Northern Trust Corp now owns 289,289 shares of the construction company's stock worth $40,885,000 after acquiring an additional 54,923 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of Armstrong World Industries by 267.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after acquiring an additional 387,537 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AWI has been the subject of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Bank of America boosted their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Truist Financial set a $195.00 price target on shares of Armstrong World Industries and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI boosted their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $177.13.

Armstrong World Industries Stock Up 1.0%

Shares of Armstrong World Industries stock traded up $1.89 on Thursday, hitting $196.50. The company had a trading volume of 136,011 shares, compared to its average volume of 323,738. The firm has a market capitalization of $8.50 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.15 and a beta of 1.46. Armstrong World Industries, Inc. has a twelve month low of $118.14 and a twelve month high of $198.64. 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 has a 50-day moving average of $180.66 and a 200-day moving average of $158.53.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.34. The company had revenue of $424.60 million during 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 business's quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 7th. Armstrong World Industries's dividend payout ratio is 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.