Wealth Enhancement Advisory Services LLC Buys 5,736 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• Wealth Enhancement Advisory Services LLC has increased its stake in Armstrong World Industries by 120.2%, acquiring an additional 5,736 shares in the second quarter, bringing its total holdings to 10,509 shares worth approximately $1.76 million.
• Armstrong World Industries reported earnings of $2.09 per share in its latest quarter, exceeding analysts' expectations of $1.75 and showing a 16.3% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.308 per share, resulting in an annualized yield of 0.6% and a payout ratio of 18.20%.

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 120.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,509 shares of the construction company's stock after buying an additional 5,736 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Armstrong World Industries were worth $1,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AWI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Armstrong World Industries by 131.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock valued at $62,060,000 after buying an additional 250,133 shares in the last quarter. Invesco Ltd. lifted its holdings in Armstrong World Industries by 34.0% during the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock valued at $95,886,000 after buying an additional 172,779 shares in the last quarter. Nuveen LLC bought a new stake in Armstrong World Industries during the 1st quarter valued at about $23,449,000. Global Alpha Capital Management Ltd. bought a new stake in shares of Armstrong World Industries in the 1st quarter valued at about $21,301,000. Finally, AQR Capital Management LLC raised its holdings in shares of Armstrong World Industries by 91.7% in the 1st quarter. AQR Capital Management LLC now owns 248,363 shares of the construction company's stock valued at $34,296,000 after purchasing an additional 118,830 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Down 0.3%

NYSE:AWI opened at $193.46 on Tuesday. The company has a market cap of $8.37 billion, a PE ratio of 28.62, a P/E/G ratio of 2.13 and a beta of 1.46. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $200.84. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The company's 50 day moving average is $191.37 and its two-hundred day moving average is $164.64.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results 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. 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%. Armstrong World Industries's revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued 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 yield of 0.6%. Armstrong World Industries's dividend payout ratio is 18.20%.

Analyst Ratings Changes

Several research firms have recently commented on AWI. Evercore ISI boosted their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Truist Financial boosted their price target on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. UBS Group restated a "neutral" rating and issued a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Finally, Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the company a "hold" rating in a research report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.50.

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.

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