JPMorgan Chase & Co. Purchases 13,395 Shares of Armstrong World Industries, Inc. $AWI

JPMorgan Chase & Co. grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 22.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,952 shares of the construction company’s stock after acquiring an additional 13,395 shares during the period. JPMorgan Chase & Co. owned 0.17% of Armstrong World Industries worth $14,299,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Millennium Management LLC boosted its position in shares of Armstrong World Industries by 571.7% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after purchasing an additional 100,175 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Armstrong World Industries by 142.0% in the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock valued at $431,000 after buying an additional 1,796 shares during the period. Goldman Sachs Group Inc. lifted its stake in Armstrong World Industries by 63.3% in the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock valued at $17,636,000 after buying an additional 48,544 shares during the period. Jane Street Group LLC boosted its holdings in shares of Armstrong World Industries by 144.2% during the 1st quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after buying an additional 41,417 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Armstrong World Industries during the 2nd quarter worth approximately $291,000. 98.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Armstrong World Industries Stock Down 1.4%

Shares of NYSE:AWI opened at $164.91 on Friday. The business’s 50 day simple moving average is $181.92 and its two-hundred day simple moving average is $188.73. The firm has a market cap of $7.06 billion, a P/E ratio of 23.29, a PEG ratio of 1.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.46. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $388.30 million during the quarter, compared to analyst estimates of $400.87 million. During the same period last year, the business posted $1.50 EPS. The company’s 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. As a group, research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, March 5th. Armstrong World Industries’s payout ratio is 19.21%.

Armstrong World Industries Company Profile

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.