Louisiana State Employees Retirement System Takes $3.15 Million Position in Armstrong World Industries, Inc. $AWI

Louisiana State Employees Retirement System purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,100 shares of the construction company’s stock, valued at approximately $3,148,000.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AWI shares. Evercore set a $200.00 price objective on Armstrong World Industries in a research note on Tuesday, April 28th. UBS Group dropped their target price on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a report 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. Finally, Bank of America decreased 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 report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.

Armstrong World Industries Price Performance

AWI opened at $161.96 on Monday. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.76 and a beta of 1.17. Armstrong World Industries, Inc. has a 1 year low of $150.28 and a 1 year high of $206.08. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average price of $161.53 and a 200 day moving average price of $175.35.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $409.46 million. During the same quarter last year, the firm earned $1.66 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Analysts forecast that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

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

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.