State of Alaska Department of Revenue lowered its holdings in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,909 shares of the construction company’s stock after selling 5,148 shares during the period. State of Alaska Department of Revenue’s holdings in Armstrong World Industries were worth $3,707,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in Armstrong World Industries in the first quarter valued at $38,000. Root Financial Partners LLC lifted its position in Armstrong World Industries by 84.8% during the first quarter. Root Financial Partners LLC now owns 268 shares of the construction company’s stock worth $44,000 after buying an additional 123 shares during the period. OP Asset Management Ltd acquired a new stake in Armstrong World Industries in the 1st quarter worth about $45,000. Global Retirement Partners LLC acquired a new stake in Armstrong World Industries in the 2nd quarter worth about $64,000. Finally, Versant Capital Management Inc boosted its stake in Armstrong World Industries by 66.7% in the 3rd quarter. Versant Capital Management Inc now owns 780 shares of the construction company’s stock worth $126,000 after buying an additional 312 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have commented on AWI. UBS Group restated a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Weiss Ratings raised shares of Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Jefferies Financial Group reiterated a “hold” rating and set a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Truist Financial set a $230.00 price objective on shares of Armstrong World Industries in a report on Tuesday, September 8th. Finally, DA Davidson reissued a “buy” rating and issued a $215.00 target price on shares of Armstrong World Industries in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average price target of $213.25.
Check Out Our Latest Stock Analysis on AWI
Armstrong World Industries Stock Up 0.8%
Shares of AWI opened at $167.87 on Friday. The firm has a market cap of $7.09 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The company’s fifty day moving average is $169.29 and its two-hundred day moving average is $165.55. 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 quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.
Armstrong World Industries (NYSE:AWI – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.11. The company had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.
Armstrong World Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were issued a $0.3390 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 18.49%.
Armstrong World Industries announced that its board has initiated a share buyback plan on Tuesday, July 21st that permits the company to repurchase $800.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 12.3% of its shares through open market purchases. Share buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc (NYSE: AWI) designs and manufactures ceiling, wall and suspension-system solutions for commercial and institutional buildings. Its products are used to improve acoustics, aesthetics, lighting integration, indoor air quality and overall building performance.
The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; acoustical wall systems; ceiling suspension systems; clouds, canopies and other specialty architectural elements; and related accessories.
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