Hsbc Holdings PLC Buys 7,658 Shares of Armstrong World Industries, Inc. $AWI

Hsbc Holdings PLC grew its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 188.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,725 shares of the construction company’s stock after purchasing an additional 7,658 shares during the period. Hsbc Holdings PLC’s holdings in Armstrong World Industries were worth $2,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in Armstrong World Industries by 77.0% in 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 last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armstrong World Industries during the fourth quarter worth $27,000. Cullen Frost Bankers Inc. increased 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 worth $34,000 after buying an additional 98 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Armstrong World Industries in the 3rd quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Armstrong World Industries by 426.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after acquiring an additional 145 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $159.15 on Tuesday. The firm has a market cap of $6.79 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17. The firm’s fifty day moving average is $161.24 and its 200-day moving average is $175.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. 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 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 business had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Sell-side analysts predict that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders 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 0.9%. Armstrong World Industries’s dividend payout ratio is presently 19.29%.

Analysts Set New Price Targets

AWI has been the topic of several recent research reports. Evercore set a $200.00 price objective on Armstrong World Industries in a report 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 for the company in a research report on Wednesday, April 29th. Bank of America cut their price target 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, Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.86.

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.