BNP Paribas Financial Markets Has $27.15 Million Holdings in Armstrong World Industries, Inc. $AWI

BNP Paribas Financial Markets increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 142,086 shares of the construction company’s stock after acquiring an additional 16,319 shares during the period. BNP Paribas Financial Markets’ holdings in Armstrong World Industries were worth $27,153,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AWI. Millennium Management LLC boosted its holdings in Armstrong World Industries by 571.7% during the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock worth $16,581,000 after purchasing an additional 100,175 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Armstrong World Industries by 142.0% during the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock worth $431,000 after purchasing an additional 1,796 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Armstrong World Industries by 63.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock worth $17,636,000 after purchasing an additional 48,544 shares during the last quarter. Jane Street Group LLC boosted its holdings in Armstrong World Industries by 144.2% during the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after purchasing an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Armstrong World Industries during the second quarter worth $291,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group reduced 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 report on Wednesday, April 29th. Bank of America reduced 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 report on Monday, April 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research report on Monday, April 20th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Finally, Evercore set a $200.00 price target on shares of Armstrong World Industries in a research report on Tuesday, April 28th. One 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. According to MarketBeat, Armstrong World Industries presently has an average rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Stock Performance

NYSE AWI opened at $152.81 on Friday. 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 firm’s fifty day moving average price is $165.56 and its two-hundred day moving average price is $178.65. Armstrong World Industries, Inc. has a 1 year low of $149.06 and a 1 year high of $206.08. The firm has a market capitalization of $6.52 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17.

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

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given 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 0.9%. Armstrong World Industries’s dividend payout ratio is presently 19.15%.

Armstrong World Industries 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.