Assenagon Asset Management S.A. Buys 30,328 Shares of Armstrong World Industries, Inc. $AWI

Assenagon Asset Management S.A. increased its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 71.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,520 shares of the construction company’s stock after purchasing an additional 30,328 shares during the period. Assenagon Asset Management S.A. owned approximately 0.17% of Armstrong World Industries worth $11,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after purchasing an additional 57 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Armstrong World Industries in the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. lifted its position in Armstrong World Industries by 124.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after buying an additional 98 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Armstrong World Industries during the 3rd quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 0.3%

AWI stock opened at $161.96 on Friday. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The business has a 50-day simple moving average of $161.53 and a 200 day simple moving average of $175.41. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.91 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The firm had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Sell-side analysts anticipate that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Armstrong World Industries’s payout ratio is 19.29%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Bank of America cut their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.

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.