Fifth Third Bancorp Increases Position in Armstrong World Industries, Inc. $AWI

Fifth Third Bancorp lifted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 2,198.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,348 shares of the construction company’s stock after acquiring an additional 20,419 shares during the period. Fifth Third Bancorp’s holdings in Armstrong World Industries were worth $3,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors grew its stake in Armstrong World Industries by 1.0% during the 4th quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock valued at $443,736,000 after purchasing an additional 23,133 shares during the last quarter. Bank of Montreal Can raised its position in Armstrong World Industries by 18,679.7% during the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock worth $244,433,000 after buying an additional 1,272,275 shares during the last quarter. Geode Capital Management LLC raised its position in Armstrong World Industries by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock worth $194,027,000 after buying an additional 61,647 shares during the last quarter. AQR Capital Management LLC lifted its stake in Armstrong World Industries by 7.8% during the 4th quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock valued at $183,682,000 after acquiring an additional 69,849 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Armstrong World Industries by 6.4% in the 4th quarter. Invesco Ltd. now owns 807,605 shares of the construction company’s stock valued at $154,333,000 after acquiring an additional 48,925 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports 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. Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Bank of America dropped their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Evercore set a $200.00 price target on Armstrong World Industries in a research report on Tuesday, April 28th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.86.

Armstrong World Industries Price Performance

NYSE:AWI opened at $156.01 on Monday. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. 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 $6.66 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The stock’s 50-day moving average price is $156.87 and its 200-day moving average price is $172.14.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter 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. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a dividend of $0.339 per share. The ex-dividend date was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. Armstrong World Industries’s dividend payout ratio (DPR) is 19.29%.

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.