Armstrong World Industries, Inc. $AWI Shares Bought by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension increased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 19.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,999 shares of the construction company’s stock after purchasing an additional 25,259 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Armstrong World Industries were worth $25,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth $84,143,000. SG Americas Securities LLC acquired a new stake in Armstrong World Industries during the fourth quarter worth about $18,822,000. Algert Global LLC raised its holdings in shares of Armstrong World Industries by 37.8% in the 3rd quarter. Algert Global LLC now owns 88,662 shares of the construction company’s stock worth $17,379,000 after purchasing an additional 24,340 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $90,410,000 after purchasing an additional 471,675 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Armstrong World Industries by 22.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,952 shares of the construction company’s stock worth $14,299,000 after purchasing an additional 13,395 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $155.56 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The business has a 50 day moving average price of $157.74 and a two-hundred day moving average price of $173.35. The firm has a market cap of $6.64 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). The business had revenue of $409.90 million for 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 business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Sell-side analysts expect that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently announced 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 payout ratio is presently 19.29%.

Analyst Ratings Changes

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