Walleye Capital LLC Acquires New Holdings in Armstrong World Industries, Inc. $AWI

Key Points

• Walleye Capital LLC has purchased a new stake in Armstrong World Industries, acquiring 8,729 shares valued at approximately $1,230,000 during the first quarter.
• Analysts are optimistic about the company’s growth, with target prices for Armstrong World Industries varying from **$178.00** to **$195.00**, indicating a generally favorable outlook.
• Armstrong World Industries recently reported **$2.09 EPS**, exceeding analysts' expectations, alongside a quarterly revenue of **$424.60 million**, reflecting a year-over-year revenue increase of **16.3%**.

Walleye Capital LLC bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,729 shares of the construction company's stock, valued at approximately $1,230,000.

A number of other institutional investors have also recently added to or reduced their stakes in AWI. Golden State Wealth Management LLC raised its position in Armstrong World Industries by 100.0% in the first 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 grew its stake in shares of Armstrong World Industries by 652.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Armstrong World Industries during the 1st quarter valued at about $54,000. Covestor Ltd lifted its position 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Armstrong World Industries during the 1st quarter worth approximately $91,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock traded up $1.74 during trading hours on Thursday, reaching $196.35. The company's stock had a trading volume of 124,445 shares, compared to its average volume of 323,625. The company's 50 day simple moving average is $180.66 and its 200 day simple moving average is $158.53. 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, Inc. has a one year low of $118.14 and a one year high of $198.64. The stock has a market cap of $8.49 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.15 and a beta of 1.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping 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 firm 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 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. As a group, analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AWI. UBS Group reaffirmed a "neutral" rating and set a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. 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. Bank of America boosted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the stock a "hold" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four research 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $177.13.

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.