Hsbc Holdings PLC Has $2.24 Million Position in Armstrong World Industries, Inc. $AWI

Hsbc Holdings PLC raised its position in Armstrong World Industries, Inc. (NYSE:AWI) by 188.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,725 shares of the construction company’s stock after purchasing an additional 7,658 shares during the quarter. Hsbc Holdings PLC’s holdings in Armstrong World Industries were worth $2,244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AWI. Rockefeller Capital Management L.P. increased its stake in shares of Armstrong World Industries by 7.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,352 shares of the construction company’s stock valued at $258,000 after buying an additional 90 shares during the period. Corient Private Wealth LLC boosted its position in Armstrong World Industries by 39.9% during the 4th quarter. Corient Private Wealth LLC now owns 20,946 shares of the construction company’s stock worth $4,004,000 after buying an additional 5,974 shares during the period. Kera Capital Partners Inc. grew its holdings in Armstrong World Industries by 184.7% during the 4th quarter. Kera Capital Partners Inc. now owns 3,209 shares of the construction company’s stock worth $590,000 after acquiring an additional 2,082 shares during the last quarter. Invesco Ltd. grew its holdings in Armstrong World Industries by 6.4% during the 4th quarter. Invesco Ltd. now owns 807,605 shares of the construction company’s stock worth $154,333,000 after acquiring an additional 48,925 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Armstrong World Industries by 11.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,148 shares of the construction company’s stock valued at $3,277,000 after acquiring an additional 1,829 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 1.0%

NYSE:AWI opened at $155.56 on Friday. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. The firm’s fifty day moving average is $157.74 and its 200-day moving average is $173.47. The firm has a market cap of $6.64 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.67 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last announced its 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). The firm had revenue of $409.90 million for 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%.Armstrong World Industries’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities analysts expect that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm 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 (DPR) is 19.29%.

Analyst Upgrades and Downgrades

AWI has been the subject of several analyst reports. Bank of America dropped 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 research note on Monday, April 20th. UBS Group reduced 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 research note on Wednesday, April 29th. Evercore set a $200.00 price objective on Armstrong World Industries in a report on Tuesday, April 28th. Finally, Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.