PharVision Advisers LLC Raises Stock Holdings in Armstrong World Industries, Inc. $AWI

PharVision Advisers LLC grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 89.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,992 shares of the construction company’s stock after purchasing an additional 1,411 shares during the quarter. Armstrong World Industries makes up approximately 0.6% of PharVision Advisers LLC’s investment portfolio, making the stock its 26th largest position. PharVision Advisers LLC’s holdings in Armstrong World Industries were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Armstrong World Industries by 0.7% during the 1st 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. boosted its stake in Armstrong World Industries by 7.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company’s stock worth $180,748,000 after purchasing an additional 84,195 shares during the period. Invesco Ltd. boosted its stake in Armstrong World Industries by 34.0% in the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company’s stock worth $95,886,000 after purchasing an additional 172,779 shares during the period. Alyeska Investment Group L.P. boosted its stake in Armstrong World Industries by 9.5% in the 1st quarter. Alyeska Investment Group L.P. now owns 583,000 shares of the construction company’s stock worth $82,133,000 after purchasing an additional 50,398 shares during the period. Finally, Northern Trust Corp boosted its stake in Armstrong World Industries by 23.4% in the 4th quarter. Northern Trust Corp now owns 289,289 shares of the construction company’s stock worth $40,885,000 after purchasing an additional 54,923 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

AWI has been the subject of several recent analyst reports. 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. initiated 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. 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. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Bank of America increased their target price on Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus target price of $177.13.

Armstrong World Industries Stock Performance

AWI stock opened at $198.23 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $182.09 and its two-hundred day simple moving average is $159.14. Armstrong World Industries, Inc. has a twelve month low of $118.14 and a twelve month high of $199.73. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.17 and a beta of 1.46.

Armstrong World Industries (NYSE:AWI) last released its earnings results 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. The business 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 business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 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.