Elevation Point Wealth Partners LLC Invests $461,000 in Armstrong World Industries, Inc. $AWI

Elevation Point Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWIFree Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,872 shares of the construction company’s stock, valued at approximately $461,000.

Several other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC raised its position in Armstrong World Industries by 77.0% in the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after buying an additional 57 shares during the last quarter. MQS Management LLC boosted its holdings in shares of Armstrong World Industries by 4.4% during the 1st quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock valued at $243,000 after acquiring an additional 62 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Armstrong World Industries by 4.3% during the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock valued at $325,000 after acquiring an additional 70 shares during the last quarter. Interchange Capital Partners LLC grew its stake in shares of Armstrong World Industries by 6.1% in the fourth quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock worth $247,000 after acquiring an additional 74 shares during the period. Finally, US Bancorp DE grew its stake in shares of Armstrong World Industries by 18.4% in the third quarter. US Bancorp DE now owns 509 shares of the construction company’s stock worth $100,000 after acquiring an additional 79 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AWI. DA Davidson started coverage on shares of Armstrong World Industries in a research report on Monday. They set a “buy” rating and a $215.00 price objective on the stock. UBS Group reaffirmed a “neutral” rating and issued a $203.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. 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 target on Armstrong World Industries in a report on Tuesday, April 28th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $213.25.

View Our Latest Research Report on AWI

Armstrong World Industries Price Performance

NYSE AWI opened at $179.97 on Wednesday. The company has a 50-day moving average price of $167.09 and a 200-day moving average price of $169.01. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $7.61 billion, a P/E ratio of 24.65, a PEG ratio of 1.73 and a beta of 1.16.

Armstrong World Industries (NYSE:AWIGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. The company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries declared that its Board of Directors has approved a share 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 generally an indication that the company’s board believes its shares are undervalued.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.339 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Armstrong World Industries’s payout ratio is presently 18.63%.

About Armstrong World Industries

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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