NFJ Investment Group LLC acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,928 shares of the construction company’s stock, valued at approximately $2,074,000.
A number of other institutional investors and hedge funds have also bought and sold shares of AWI. Larson Financial Group LLC raised its position in Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after purchasing an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Armstrong World Industries during the 4th quarter worth about $27,000. Cullen Frost Bankers Inc. grew its position in shares of Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after buying an additional 98 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Armstrong World Industries by 426.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after buying an additional 145 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Armstrong World Industries in the first quarter valued at about $38,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AWI has been the subject of a number of analyst reports. Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Evercore set a $200.00 target price on Armstrong World Industries in a report on Tuesday, April 28th. Jefferies Financial Group reissued a “hold” rating and set a $190.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, UBS Group restated a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $213.00.
Armstrong World Industries Trading Up 0.5%
Shares of AWI stock opened at $179.01 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. The stock has a 50 day simple moving average of $166.21 and a two-hundred day simple moving average of $169.27. The company has a market cap of $7.56 billion, a P/E ratio of 24.52, a PEG ratio of 1.73 and a beta of 1.16.
Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The business had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $461.67 million. During the same period last year, the company posted $2.09 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Research analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.
Armstrong World Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were given a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries’s payout ratio is presently 18.63%.
Armstrong World Industries announced that its board has approved a stock buyback plan on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to buy up to 12.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
About Armstrong World Industries
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
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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.
