UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 250,133 Shares of Armstrong World Industries, Inc. $AWI

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 lifted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 131.4% in the first quarter, according to the company in its most recent 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 quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.01% of Armstrong World Industries worth $62,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AWI. Captrust Financial Advisors bought a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $463,000. Deutsche Bank AG raised its position in Armstrong World Industries by 48.8% during the 4th quarter. Deutsche Bank AG now owns 39,402 shares of the construction company's stock valued at $5,569,000 after purchasing an additional 12,927 shares in the last quarter. Gotham Asset Management LLC raised its position in Armstrong World Industries by 48.9% during the 4th quarter. Gotham Asset Management LLC now owns 4,027 shares of the construction company's stock valued at $569,000 after purchasing an additional 1,323 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Armstrong World Industries during the 4th quarter valued at $338,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Armstrong World Industries during the 4th quarter valued at $467,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Down 0.8%

NYSE AWI traded down $1.48 during trading on Tuesday, reaching $195.12. 272,428 shares of the company's stock were exchanged, compared to its average volume of 319,343. The stock has a market cap of $8.44 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. The company has a 50 day moving average price of $186.31 and a two-hundred day moving average price of $161.43. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $200.84.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) 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 quarter in the previous 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. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Analysts Set New Price Targets

AWI has been the subject of several recent research reports. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the stock a "hold" rating in a research report on Wednesday, July 30th. UBS Group reissued a "neutral" rating and issued a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Evercore ISI boosted their price target on Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. initiated 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. Finally, Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $181.50.

Armstrong World Industries Company Profile

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.