Versor Investments LP Makes New Investment in Armstrong World Industries, Inc. $AWI

Key Points

• Versor Investments LP acquired 4,230 shares of Armstrong World Industries, valued at approximately $596,000, indicating growing institutional interest in the company.
• Armstrong World Industries reported earnings per share of $2.09 for the last quarter, significantly exceeding analysts' expectations of $1.75 and marking a 16.3% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.308 per share, with a yield of 0.6%, demonstrating its commitment to returning value to shareholders.

Versor Investments LP purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,230 shares of the construction company's stock, valued at approximately $596,000.

Several other institutional investors and hedge funds also recently modified their holdings of AWI. Adage Capital Partners GP L.L.C. raised its stake in shares of Armstrong World Industries by 140.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after purchasing an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Armstrong World Industries by 267.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after buying an additional 387,537 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Armstrong World Industries by 15,282.7% in the 1st quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock worth $398,530,000 after acquiring an additional 281,048 shares during the period. Invesco Ltd. lifted its stake in shares of Armstrong World Industries by 34.0% in the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock worth $95,886,000 after acquiring an additional 172,779 shares during the period. Finally, Nuveen LLC bought a new position in shares of Armstrong World Industries in the first quarter valued at approximately $23,449,000. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Trading Up 1.9%

NYSE AWI traded up $3.7640 on Friday, hitting $197.3040. 299,564 shares of the company were exchanged, compared to its average volume of 484,062. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a twelve month low of $118.14 and a twelve month high of $198.54. The firm has a market capitalization of $8.54 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. The company's 50 day moving average price is $173.88 and its 200-day moving average price is $156.14.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its 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. The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $404.05 million. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The company's revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 7th. Armstrong World Industries's dividend payout ratio is currently 18.20%.

Analysts Set New Price Targets

A number of research firms have weighed in on AWI. Truist Financial set a $195.00 target price on Armstrong World Industries and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price on the stock. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. Finally, Bank of America boosted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.13.

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.