4,230 Shares in Armstrong World Industries, Inc. $AWI Acquired by Versor Investments LP

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

A number of other large investors also recently modified their holdings of the company. Burgundy Asset Management Ltd. lifted its stake in shares of Armstrong World Industries by 7.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company's stock valued at $180,748,000 after acquiring an additional 84,195 shares during the last quarter. 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 valued at $95,886,000 after acquiring an additional 172,779 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Armstrong World Industries by 140.4% in the 4th 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 acquiring an additional 389,000 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Armstrong World Industries by 267.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after acquiring an additional 387,537 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Armstrong World Industries by 23.4% in the 4th quarter. Northern Trust Corp now owns 289,289 shares of the construction company's stock valued at $40,885,000 after acquiring an additional 54,923 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Performance

Shares of NYSE AWI traded down $1.0490 during midday trading on Monday, reaching $196.1910. The company's stock had a trading volume of 281,509 shares, compared to its average volume of 486,224. Armstrong World Industries, Inc. has a 12-month low of $118.14 and a 12-month high of $198.54. The firm has a 50 day moving average price of $174.76 and a 200-day moving average price of $156.48. The stock has a market capitalization of $8.49 billion, a P/E ratio of 29.02, a PEG ratio of 2.17 and a beta of 1.43. 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 (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $404.05 million. During the same quarter in the previous year, the business earned $1.62 EPS. The company's revenue was up 16.3% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI raised their target price 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. UBS Group reiterated a "neutral" rating and set a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday. Bank of America raised their target price on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Loop Capital set a $190.00 price target on Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus 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.