Inspire Investing LLC Reduces Holdings in Armstrong World Industries, Inc. $AWI

Inspire Investing LLC decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 12.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,473 shares of the construction company’s stock after selling 357 shares during the period. Inspire Investing LLC’s holdings in Armstrong World Industries were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC lifted its holdings in Armstrong World Industries by 5.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company’s stock worth $221,000 after purchasing an additional 84 shares in the last quarter. Tidal Investments LLC lifted its holdings in Armstrong World Industries by 1.8% during the 4th quarter. Tidal Investments LLC now owns 5,234 shares of the construction company’s stock worth $740,000 after purchasing an additional 93 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in Armstrong World Industries by 3.4% during the 1st quarter. Bridges Investment Management Inc. now owns 3,027 shares of the construction company’s stock worth $426,000 after purchasing an additional 100 shares in the last quarter. Algert Global LLC lifted its holdings in Armstrong World Industries by 1.7% during the 1st quarter. Algert Global LLC now owns 6,730 shares of the construction company’s stock worth $948,000 after purchasing an additional 110 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Armstrong World Industries by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 4,136 shares of the construction company’s stock worth $583,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock opened at $196.62 on Monday. 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 firm has a market capitalization of $8.51 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46. The business’s 50-day moving average price is $185.15 and its 200-day moving average price is $160.89. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $200.84.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.75 by $0.34. The firm had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal 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 given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, August 7th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 18.20%.

Analyst Ratings Changes

AWI has been the topic of a number of recent research reports. Truist Financial increased their price objective on Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Friday. 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. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. UBS Group reaffirmed 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, Evercore ISI raised their price target on Armstrong World Industries from $157.00 to $182.00 and gave the company 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.50.

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.