London Co. of Virginia lowered its position in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 7.7% during the 1st quarter, Holdings Channel reports. The fund owned 1,723,367 shares of the construction company’s stock after selling 142,874 shares during the period. Armstrong World Industries makes up 1.7% of London Co. of Virginia’s portfolio, making the stock its 20th largest holding. London Co. of Virginia’s holdings in Armstrong World Industries were worth $284,013,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Armstrong World Industries by 239.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 91,861 shares of the construction company’s stock valued at $15,139,000 after purchasing an additional 64,800 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Armstrong World Industries by 1.2% during the first quarter. Renaissance Technologies LLC now owns 118,700 shares of the construction company’s stock valued at $19,562,000 after buying an additional 1,400 shares during the last quarter. Modern Wealth Management LLC boosted its position in shares of Armstrong World Industries by 13.6% during the first quarter. Modern Wealth Management LLC now owns 2,785 shares of the construction company’s stock valued at $462,000 after buying an additional 334 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Armstrong World Industries by 3.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 387,256 shares of the construction company’s stock worth $63,820,000 after buying an additional 11,645 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in Armstrong World Industries in the 1st quarter valued at $1,157,000. Institutional investors own 98.93% of the company’s stock.
Analysts Set New Price Targets
AWI has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, April 28th. Finally, UBS Group dropped their target price on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $211.86.
Armstrong World Industries Stock Up 1.7%
AWI opened at $160.74 on Friday. The company has a fifty day moving average price of $156.63 and a 200-day moving average price of $171.00. The firm has a market capitalization of $6.86 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. Armstrong World Industries, Inc. has a one year low of $150.28 and a one year high of $206.08.
Armstrong World Industries (NYSE:AWI – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The firm had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. During the same period last year, the firm earned $1.66 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities research analysts expect that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.
Armstrong World Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be paid a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 5th. Armstrong World Industries’s payout ratio is presently 19.29%.
Armstrong World Industries announced that its board has approved a stock buyback program on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
Armstrong World Industries Company 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.
Featured Stories
- Five stocks we like better than Armstrong World Industries
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries, Inc. (NYSE:AWI – Free Report).
Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.
