Louisiana State Employees Retirement System Sells 200 Shares of Armstrong World Industries, Inc. $AWI

Louisiana State Employees Retirement System trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,300 shares of the construction company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Armstrong World Industries were worth $3,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in Armstrong World Industries by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company’s stock valued at $39,000 after purchasing an additional 140 shares during the period. Parallel Advisors LLC grew its holdings in Armstrong World Industries by 28.9% during the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after purchasing an additional 103 shares during the period. Covestor Ltd grew its holdings in Armstrong World Industries by 40.5% during the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock valued at $83,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Armstrong World Industries during the first quarter valued at $91,000. Finally, Archer Investment Corp bought a new position in Armstrong World Industries during the first quarter valued at $113,000. 98.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on AWI. Truist Financial increased their price objective on Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 12th. Evercore ISI boosted their target price on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a report on Wednesday, July 30th. Bank of America boosted their target price on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a report on Monday. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the company a “hold” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They set an “overweight” rating and a $200.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $197.14.

Armstrong World Industries Trading Down 1.8%

Armstrong World Industries stock opened at $194.82 on Friday. The stock has a market cap of $8.43 billion, a P/E ratio of 28.82, a PEG ratio of 1.99 and a beta of 1.45. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $201.72. The firm’s fifty day moving average price is $194.86 and its 200-day moving average price is $167.35. 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 released its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.34. The firm had revenue of $424.60 million for the quarter, compared to analysts’ expectations of $404.05 million. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal 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 issued a $0.308 dividend. The ex-dividend date of this dividend 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 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.