UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $62.06 Million Stock Holdings in Armstrong World Industries, Inc. $AWI

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 131.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 440,519 shares of the construction company’s stock after purchasing an additional 250,133 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.01% of Armstrong World Industries worth $62,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Armstrong World Industries by 0.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company’s stock valued at $188,615,000 after purchasing an additional 8,762 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Armstrong World Industries by 7.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company’s stock worth $180,748,000 after acquiring an additional 84,195 shares during the last quarter. Invesco Ltd. grew its stake in shares of Armstrong World Industries by 34.0% in the first quarter. Invesco Ltd. now owns 680,622 shares of the construction company’s stock worth $95,886,000 after acquiring an additional 172,779 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Armstrong World Industries by 9.5% in the first quarter. Alyeska Investment Group L.P. now owns 583,000 shares of the construction company’s stock worth $82,133,000 after acquiring an additional 50,398 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Armstrong World Industries by 15,282.7% in the first quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company’s stock worth $398,530,000 after acquiring an additional 281,048 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 1.3%

Shares of NYSE AWI opened at $196.62 on Monday. The stock has a market cap of $8.51 billion, a PE ratio of 29.09, a PEG ratio of 2.16 and a beta of 1.46. The business has a fifty day moving average of $185.15 and a two-hundred day moving average of $160.89. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $200.84. 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 (NYSE:AWI) last issued its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share (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%.The business’s revenue was up 16.3% on a year-over-year basis. During the same period last 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, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share 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. Shareholders 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 dividend yield of 0.6%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 18.20%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AWI. Wall Street Zen downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. UBS Group restated a “neutral” rating and issued a $178.00 price objective (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on shares of Armstrong World Industries in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $200.00 price objective on the stock. Truist Financial raised their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Armstrong World Industries currently 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.