California Public Employees Retirement System Increases Stock Holdings in Armstrong World Industries, Inc. $AWI

California Public Employees Retirement System increased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,245 shares of the construction company’s stock after buying an additional 3,239 shares during the quarter. California Public Employees Retirement System owned 0.22% of Armstrong World Industries worth $15,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AWI. Accurate Wealth Management LLC boosted its holdings in Armstrong World Industries by 3.5% during the 4th quarter. Accurate Wealth Management LLC now owns 1,490 shares of the construction company’s stock worth $299,000 after acquiring an additional 51 shares during the last quarter. Larson Financial Group LLC raised its holdings 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 valued at $25,000 after purchasing an additional 57 shares during the last quarter. MQS Management LLC raised its holdings in shares of Armstrong World Industries by 4.4% in the first quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock valued at $243,000 after purchasing an additional 62 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Armstrong World Industries by 4.3% during the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock valued at $325,000 after purchasing an additional 70 shares in the last quarter. Finally, Interchange Capital Partners LLC boosted its holdings in Armstrong World Industries by 6.1% during the fourth quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock worth $247,000 after purchasing an additional 74 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Up 0.8%

AWI opened at $158.55 on Friday. The company has a 50 day moving average of $156.52 and a 200 day moving average of $171.07. The company has a market cap of $6.77 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month 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.

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

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be issued a dividend of $0.339 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. Armstrong World Industries’s dividend payout ratio is 19.29%.

Armstrong World Industries declared that its board has authorized a share buyback plan on Tuesday, July 21st that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the construction company to buy up to 12.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AWI shares. UBS Group reduced their price objective on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings cut 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 target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Evercore set a $200.00 target price on Armstrong World Industries in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $211.86.

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.