Public Employees Retirement System of Ohio Sells 100 Shares of Armstrong World Industries, Inc. $AWI

Public Employees Retirement System of Ohio cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,778 shares of the construction company’s stock after selling 100 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Armstrong World Industries were worth $2,401,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AWI. Golden State Wealth Management LLC grew its stake in shares of Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company’s stock valued at $39,000 after acquiring an additional 140 shares during the period. Versant Capital Management Inc bought a new position in Armstrong World Industries in the 1st quarter worth approximately $54,000. Parallel Advisors LLC boosted its stake in Armstrong World Industries by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after purchasing an additional 103 shares during the period. Covestor Ltd boosted its stake in Armstrong World Industries by 40.5% in the 1st quarter. Covestor Ltd now owns 590 shares of the construction company’s stock worth $83,000 after purchasing an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Armstrong World Industries in the 1st quarter worth approximately $91,000. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AWI shares. Truist Financial upped their price target on Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. UBS Group restated a “neutral” rating and issued a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $200.00 price target for the company. Evercore ISI upped their price target on Armstrong World Industries from $157.00 to $182.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Armstrong World Industries presently has an average rating of “Moderate Buy” and a consensus price target of $181.50.

Armstrong World Industries Stock Up 0.3%

Shares of AWI opened at $196.54 on Friday. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.45. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $200.84. The business’s 50 day simple moving average is $193.13 and its 200-day simple moving average is $165.45. 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 issued its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.34. The business had revenue of $424.60 million for 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 company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, equities 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 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. 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 is presently 18.20%.

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.