Armstrong World Industries, Inc. $AWI Stake Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 196.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,545 shares of the construction company’s stock after purchasing an additional 3,012 shares during the period. QRG Capital Management Inc.’s holdings in Armstrong World Industries were worth $891,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group grew its position in Armstrong World Industries by 3.3% in the 2nd quarter. Schroder Investment Management Group now owns 177,232 shares of the construction company’s stock valued at $28,790,000 after buying an additional 5,730 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Armstrong World Industries by 121.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after acquiring an additional 404,000 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Armstrong World Industries during the third quarter valued at approximately $2,055,000. Assenagon Asset Management S.A. raised its holdings in Armstrong World Industries by 24.1% during the third quarter. Assenagon Asset Management S.A. now owns 142,100 shares of the construction company’s stock worth $27,853,000 after purchasing an additional 27,602 shares in the last quarter. Finally, Creative Planning lifted its position in Armstrong World Industries by 2.0% in the second quarter. Creative Planning now owns 17,925 shares of the construction company’s stock worth $2,912,000 after purchasing an additional 349 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Trading Up 1.0%

NYSE AWI opened at $190.06 on Thursday. The firm’s 50 day moving average price is $189.28 and its two-hundred day moving average price is $189.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.04 and a current ratio of 1.52. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.64 and a beta of 1.32.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, October 28th. The construction company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.99 by $0.06. The business had revenue of $425.20 million during the quarter, compared to analysts’ expectations of $423.40 million. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.Armstrong World Industries’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.450-7.550 EPS. Equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. UBS Group raised their price objective on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Bank of America lifted their price objective on shares of Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Zacks Research lowered shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.