5,010 Shares in Armstrong World Industries, Inc. $AWI Acquired by Novem Group

Novem Group purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,010 shares of the construction company’s stock, valued at approximately $957,000.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Armstrong World Industries in the fourth quarter worth approximately $84,143,000. AQR Capital Management LLC increased its position in shares of Armstrong World Industries by 64.1% in the 3rd quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock valued at $173,775,000 after purchasing an additional 348,327 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Armstrong World Industries by 87.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 365,774 shares of the construction company’s stock valued at $71,695,000 after purchasing an additional 170,983 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Armstrong World Industries by 1,782.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock valued at $23,247,000 after purchasing an additional 135,512 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Armstrong World Industries by 173.4% during the 3rd quarter. Two Sigma Investments LP now owns 194,211 shares of the construction company’s stock worth $38,067,000 after purchasing an additional 123,186 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 1.6%

Shares of NYSE AWI opened at $177.73 on Wednesday. The business has a 50-day moving average price of $174.93 and a 200 day moving average price of $185.55. The stock has a market cap of $7.61 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Armstrong World Industries, Inc. has a 52-week low of $130.76 and a 52-week high of $206.08.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.06). The firm had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts forecast that Armstrong World Industries, Inc. will post 8.36 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.339 per share. The ex-dividend date was Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is 19.21%.

Analysts Set New Price Targets

A number of brokerages recently commented on AWI. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. Finally, Bank of America lowered their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $210.00.

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.