Arrowstreet Capital Limited Partnership Boosts Stake in Armstrong World Industries, Inc. $AWI

Arrowstreet Capital Limited Partnership increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 3.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 387,256 shares of the construction company’s stock after acquiring an additional 11,645 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Armstrong World Industries were worth $63,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AWI. Bank of Montreal Can raised its holdings in Armstrong World Industries by 18,679.7% in the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock worth $244,433,000 after purchasing an additional 1,272,275 shares during the period. Norges Bank acquired a new stake in Armstrong World Industries in the 4th quarter valued at $107,716,000. Northwestern Mutual Wealth Management Co. increased its holdings in Armstrong World Industries by 33,007.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock worth $90,410,000 after acquiring an additional 471,675 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Armstrong World Industries in the 4th quarter worth $84,143,000. Finally, SurgoCap Partners LP acquired a new position in Armstrong World Industries during the fourth quarter worth $72,020,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $160.74 on Monday. The firm has a 50-day simple moving average of $156.63 and a 200-day simple moving average of $170.79. 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 stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results 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). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The business had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The business’s revenue 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. On average, equities analysts predict that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries announced that its board has approved a stock repurchase plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be 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 is Wednesday, August 5th. Armstrong World Industries’s payout ratio is currently 19.29%.

Wall Street Analyst Weigh In

AWI has been the topic of several recent analyst reports. UBS Group decreased their price objective on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Bank of America cut their target price 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. Evercore set a $200.00 price target on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Finally, Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.