Public Employees Retirement System of Ohio Decreases Stock Position in Armstrong World Industries, Inc. $AWI

Public Employees Retirement System of Ohio lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,778 shares of the construction company’s stock after selling 100 shares during the period. Public Employees Retirement System of Ohio’s holdings in Armstrong World Industries were worth $2,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC raised 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 valued at $221,000 after buying an additional 84 shares during the period. Bridges Investment Management Inc. increased its stake in Armstrong World Industries by 3.4% in the first 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 during the period. Parallel Advisors LLC increased its stake in Armstrong World Industries by 28.9% in the second 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. Algert Global LLC increased its stake in Armstrong World Industries by 1.7% in the first quarter. Algert Global LLC now owns 6,730 shares of the construction company’s stock worth $948,000 after purchasing an additional 110 shares during the period. Finally, Cetera Investment Advisers increased its stake in Armstrong World Industries by 3.2% in the first quarter. Cetera Investment Advisers now owns 4,136 shares of the construction company’s stock worth $583,000 after purchasing an additional 127 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $196.54 on Friday. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $200.84. The stock’s 50-day moving average is $193.13 and its 200 day moving average is $165.45. The company has a market cap of $8.50 billion, a P/E ratio of 29.07, a PEG ratio of 2.16 and a beta of 1.45. 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 for the quarter, beating analysts’ consensus estimates of $1.75 by $0.34. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $404.05 million. During the same quarter last year, the company earned $1.62 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 7th. Armstrong World Industries’s dividend payout ratio (DPR) is currently 18.20%.

Analysts Set New Price Targets

A number of analysts have weighed in on AWI shares. 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 target price on the stock. Truist Financial increased their target price 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. Loop Capital set a $190.00 target price on Armstrong World Industries and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Evercore ISI increased their target price 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, UBS Group reiterated a “neutral” rating and issued a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.