Elo Mutual Pension Insurance Co Makes New $1.99 Million Investment in Armstrong World Industries, Inc. $AWI

Elo Mutual Pension Insurance Co acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the third quarter, HoldingsChannel.com reports. The fund acquired 10,147 shares of the construction company’s stock, valued at approximately $1,989,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Alliance LLC lifted its position in Armstrong World Industries by 2.5% during the second quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock valued at $380,000 after purchasing an additional 56 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Armstrong World Industries by 4.2% in the third quarter. Blue Trust Inc. now owns 1,548 shares of the construction company’s stock worth $303,000 after buying an additional 63 shares during the period. Archer Investment Corp lifted its position in shares of Armstrong World Industries by 8.5% during the 3rd quarter. Archer Investment Corp now owns 868 shares of the construction company’s stock valued at $170,000 after buying an additional 68 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Armstrong World Industries by 32.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 295 shares of the construction company’s stock valued at $58,000 after buying an additional 73 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Armstrong World Industries by 9.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 874 shares of the construction company’s stock valued at $169,000 after acquiring an additional 77 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Up 0.2%

NYSE AWI opened at $170.15 on Thursday. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $206.08. The company has a current ratio of 1.46, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.29 billion, a PE ratio of 24.03, a P/E/G ratio of 1.88 and a beta of 1.33. The stock’s 50 day moving average is $190.80 and its 200 day moving average is $191.89.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, February 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.06). Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. The company had revenue of $388.30 million for the quarter, compared to the consensus estimate of $400.87 million. During the same quarter in the previous year, the business earned $1.50 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a $0.339 dividend. The ex-dividend date is Thursday, March 5th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s payout ratio is presently 19.21%.

Wall Street Analyst Weigh In

A number of research firms have commented on AWI. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Armstrong World Industries presently has an average rating of “Moderate Buy” and a consensus target price of $211.43.

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.