111 Capital Lowers Holdings in Armstrong World Industries, Inc. $AWI

111 Capital decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 56.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,736 shares of the construction company’s stock after selling 3,500 shares during the quarter. 111 Capital’s holdings in Armstrong World Industries were worth $444,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC raised its stake in Armstrong World Industries by 5.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company’s stock valued at $221,000 after buying an additional 84 shares during the last quarter. Bridges Investment Management Inc. raised its stake in Armstrong World Industries by 3.4% during the first quarter. Bridges Investment Management Inc. now owns 3,027 shares of the construction company’s stock valued at $426,000 after buying an additional 100 shares during the last quarter. Parallel Advisors LLC raised its stake in Armstrong World Industries by 28.9% during the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after buying an additional 103 shares during the last quarter. Algert Global LLC raised its stake in Armstrong World Industries by 1.7% during the first quarter. Algert Global LLC now owns 6,730 shares of the construction company’s stock valued at $948,000 after buying an additional 110 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Armstrong World Industries by 3.2% during the first quarter. Cetera Investment Advisers now owns 4,136 shares of the construction company’s stock valued at $583,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Evercore ISI lifted their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a research note on Wednesday, July 30th. Truist Financial lifted their target price on Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Saturday, September 27th. Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Finally, UBS Group reissued a “neutral” rating and issued a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.50.

Armstrong World Industries Stock Up 0.4%

Armstrong World Industries stock opened at $196.97 on Monday. The stock has a market cap of $8.52 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 2.16 and a beta of 1.45. 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 $122.37 and a one year high of $200.84. The stock has a fifty day moving average of $193.69 and a 200 day moving average of $166.17.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.34. The company had revenue of $424.60 million during the quarter, compared to analysts’ expectations of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.Armstrong World Industries’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The company 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. 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%.

About Armstrong World Industries

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.