Armstrong World Industries, Inc. $AWI Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its stake in Armstrong World Industries by 131.4%, now holding 440,519 shares worth approximately $62.06 million.
• Armstrong World Industries reported earnings of $2.09 per share, exceeding analysts' expectations, with a revenue of $424.6 million for the last quarter.
• Several analysts have revised their ratings and price targets for Armstrong World Industries, with the consensus rating now being a "Moderate Buy" and an average price target of $181.50.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 131.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 440,519 shares of the construction company's stock after purchasing an additional 250,133 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.01% of Armstrong World Industries worth $62,060,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AWI. Captrust Financial Advisors acquired a new stake in Armstrong World Industries in the 4th quarter valued at about $463,000. Deutsche Bank AG lifted its position in shares of Armstrong World Industries by 48.8% in the fourth quarter. Deutsche Bank AG now owns 39,402 shares of the construction company's stock valued at $5,569,000 after acquiring an additional 12,927 shares in the last quarter. Gotham Asset Management LLC increased its stake in Armstrong World Industries by 48.9% during 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 during the last quarter. Jefferies Financial Group Inc. purchased a new position in Armstrong World Industries in the 4th quarter worth approximately $338,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Armstrong World Industries during the 4th quarter valued at approximately $467,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AWI has been the subject of several research reports. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target for the company. UBS Group restated a "neutral" rating and issued a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Truist Financial increased their target price on Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Armstrong World Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.50.

Armstrong World Industries Trading Down 0.5%

AWI traded down $0.89 during midday trading on Friday, reaching $196.53. 645,805 shares of the company's stock traded hands, compared to its average volume of 322,532. 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 market capitalization of $8.50 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.17 and a beta of 1.46. The firm has a fifty day moving average of $187.95 and a two-hundred day moving average of $162.29. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $200.84.

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. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The firm had revenue of $424.60 million for the quarter, compared to analysts' expectations of $404.05 million. During the same period in the prior year, the firm earned $1.62 EPS. The company's revenue was up 16.3% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid 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 yield of 0.6%. Armstrong World Industries's 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.