2,908 Shares in Armstrong World Industries, Inc. $AWI Purchased by United Services Automobile Association

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 purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,908 shares of the construction company's stock, valued at approximately $406,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after purchasing an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Armstrong World Industries by 652.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Armstrong World Industries during the first quarter worth approximately $54,000. Covestor Ltd increased its stake in Armstrong World Industries by 40.5% during the 1st quarter. Covestor Ltd now owns 590 shares of the construction company's stock worth $83,000 after acquiring an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Armstrong World Industries during the 1st quarter worth $91,000. 98.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AWI has been the topic of several recent analyst reports. UBS Group reiterated a "neutral" rating and issued a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the stock a "hold" rating 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 price objective on the stock. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Evercore ISI increased their price objective 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $181.50.

Armstrong World Industries Stock Down 0.8%

Shares of AWI stock traded down $1.67 during trading hours on Tuesday, hitting $194.94. 45,150 shares of the company's stock traded hands, compared to its average volume of 324,920. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 2.16 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The stock's fifty day simple moving average is $185.74 and its two-hundred day simple moving average is $161.19. Armstrong World Industries, Inc. has a 12-month low of $122.37 and a 12-month high of $200.84.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $404.05 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The firm's 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. On average, analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

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