United Services Automobile Association Acquires New Holdings in Armstrong World Industries, Inc. $AWI

Key Points

• The United Services Automobile Association acquired 2,908 shares of Armstrong World Industries, valued at approximately $406,000, during the first quarter.
• Armstrong World Industries reported earnings of $2.09 per share for the last quarter, exceeding analyst expectations, alongside a revenue of $424.60 million.
• The company declared a quarterly dividend of $0.308, representing an annualized yield of 0.6% and a payout ratio of 18.20%.

United Services Automobile Association 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 13F filing with the SEC. The fund acquired 2,908 shares of the construction company's stock, valued at approximately $406,000.

Several other institutional investors have also recently bought and sold shares of AWI. Captrust Financial Advisors bought a new position in Armstrong World Industries in the 4th quarter worth approximately $463,000. Deutsche Bank AG raised its position in shares of 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 acquiring an additional 12,927 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of 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 acquiring an additional 1,323 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at $338,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at $467,000. Institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. began coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. UBS Group reaffirmed a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Finally, Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the company a "hold" rating in a research report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $181.50.

Armstrong World Industries Stock Performance

AWI traded up $0.65 on Wednesday, reaching $195.70. The company had a trading volume of 26,993 shares, compared to its average volume of 324,510. 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 market cap of $8.47 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.16 and a beta of 1.46. The company's fifty day moving average is $186.31 and its 200 day moving average is $161.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The business had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. During the same quarter in the prior year, the business earned $1.62 EPS. Armstrong World Industries's quarterly revenue 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. As a group, analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 7th. Armstrong World Industries's dividend payout ratio is presently 18.20%.

Armstrong World Industries 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.