Venturi Wealth Management LLC Decreases Position in Armstrong World Industries, Inc. $AWI

Key Points

• Venturi Wealth Management LLC reduced its holdings in Armstrong World Industries by 22.0%, owning 5,393 shares valued at approximately $876,000 after selling 1,524 shares in the second quarter.
• Research firms have mixed opinions on Armstrong World Industries, with several upgrades to a "buy" rating, while others have lowered their ratings to "hold."
• The company's recent earnings report showed an EPS of $2.09, exceeding expectations, alongside a year-over-year revenue increase of 16.3%.

Venturi Wealth Management LLC lessened its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,393 shares of the construction company's stock after selling 1,524 shares during the quarter. Venturi Wealth Management LLC's holdings in Armstrong World Industries were worth $876,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Armstrong World Industries in the 1st quarter worth $2,508,000. Versor Investments LP purchased a new position in Armstrong World Industries in the 1st quarter worth $596,000. Wealth Enhancement Advisory Services LLC raised its position in Armstrong World Industries by 113.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock worth $672,000 after purchasing an additional 2,538 shares during the period. Dynamic Advisor Solutions LLC raised its position in Armstrong World Industries by 194.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock worth $683,000 after purchasing an additional 3,200 shares during the period. Finally, Andina Capital Management LLC purchased a new position in shares of Armstrong World Industries in the first quarter valued at about $455,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AWI. Weiss Ratings restated a "buy (b)" rating on shares of Armstrong World Industries in a research report on Wednesday. Truist Financial boosted their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Bank of America boosted their price objective on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $197.14.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $198.66 on Thursday. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $201.72. 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 company's 50-day moving average is $194.73 and its 200 day moving average is $167.01. The stock has a market capitalization of $8.59 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.98 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced 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 net margin of 18.95% and a return on equity of 39.80%. The company 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 company earned $1.62 earnings per share. 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. On average, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

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

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.

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