Sage Rhino Capital LLC Takes Position in Armstrong World Industries, Inc. $AWI

Sage Rhino Capital LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,246 shares of the construction company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its holdings in shares of 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 worth $39,000 after purchasing an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Armstrong World Industries by 652.3% during the 1st 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 during the period. Versant Capital Management Inc bought a new stake in Armstrong World Industries in the 1st quarter worth $54,000. Parallel Advisors LLC increased its position in shares of Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after acquiring an additional 103 shares during the period. Finally, Covestor Ltd raised its stake in shares of Armstrong World Industries by 40.5% during the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock valued at $83,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.0%

Shares of Armstrong World Industries stock opened at $194.07 on Monday. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $200.84. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.13 and a beta of 1.46. The company has a 50-day moving average of $190.78 and a 200 day moving average of $164.27. 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) last announced its quarterly earnings data 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 net margin of 18.95% and a return on equity of 39.80%. The business had revenue of $424.60 million for the quarter, compared to analysts’ expectations of $404.05 million. During the same quarter in the prior year, the company earned $1.62 earnings per share. The business’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, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid 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 presently 18.20%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. JPMorgan Chase & Co. began coverage on Armstrong World Industries in a research note 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 Armstrong World Industries and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Truist Financial lifted 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. Finally, Evercore ISI upped their price objective on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an “in-line” rating in a report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.50.

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.