Engineers Gate Manager LP Has $11.85 Million Stake in Armstrong World Industries, Inc. $AWI

Engineers Gate Manager LP trimmed its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWIFree Report) by 36.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,851 shares of the construction company’s stock after selling 41,483 shares during the period. Engineers Gate Manager LP’s holdings in Armstrong World Industries were worth $11,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. California State Teachers Retirement System lifted its holdings in Armstrong World Industries by 16,662.2% in the second quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock valued at $1,383,645,000 after buying an additional 8,573,686 shares during the period. BlackRock Inc. acquired a new stake in Armstrong World Industries during the 2nd quarter worth $827,239,000. Bank of Montreal Can raised its position in shares of Armstrong World Industries by 18,679.7% during the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after acquiring an additional 1,272,275 shares during the last quarter. Norges Bank bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at $107,716,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Armstrong World Industries by 33,007.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after purchasing an additional 471,675 shares during the period. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $162.70 on Friday. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. 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 fifty day moving average of $170.31 and a 200-day moving average of $166.72.

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

Armstrong World Industries announced that its board has initiated a share repurchase program on Tuesday, July 21st that allows the company to buyback $800.00 million in shares. This buyback authorization allows the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Armstrong World Industries Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is currently 18.63%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $215.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, September 1st. Weiss Ratings upgraded Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. UBS Group reissued a “neutral” rating and issued a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a $190.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Truist Financial set a $230.00 target price on Armstrong World Industries in a research report on Tuesday. One 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. Based on data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and an average target price of $213.25.

Check Out Our Latest Report on AWI

Armstrong World Industries Profile

(Free Report)

Armstrong World Industries, Inc is a manufacturer of ceiling, wall and suspension-system solutions for commercial and residential spaces. The company develops products designed to improve acoustics, aesthetics, lighting integration, indoor environmental quality and installation efficiency.

Its product portfolio includes mineral fiber, fiberglass, metal and wood ceilings; ceiling suspension systems; acoustical wall panels; partitions; and specialty architectural systems. Armstrong’s solutions are used in offices, schools, health care facilities, retail spaces, transportation hubs, hospitality venues and other building environments.

Armstrong World Industries traces its roots to 1860 and is headquartered in Lancaster, Pennsylvania.

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

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