3,860 Shares in Armstrong World Industries, Inc. $AWI Purchased by State of Wyoming

State of Wyoming purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,860 shares of the construction company’s stock, valued at approximately $619,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AWI. Assenagon Asset Management S.A. boosted its holdings in shares of Armstrong World Industries by 88.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company’s stock worth $21,913,000 after acquiring an additional 64,077 shares in the last quarter. Bank of America Corp DE grew its position in Armstrong World Industries by 5.2% during the 1st quarter. Bank of America Corp DE now owns 457,619 shares of the construction company’s stock worth $75,416,000 after acquiring an additional 22,477 shares during the last quarter. Bessemer Group Inc. increased its holdings in Armstrong World Industries by 28.3% during the 1st quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company’s stock valued at $7,591,000 after purchasing an additional 10,165 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in 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 during the last quarter. Finally, Norges Bank bought a new position in Armstrong World Industries in the 4th quarter valued at $107,716,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWI has been the topic of several research analyst reports. Evercore set a $200.00 target price on Armstrong World Industries in a report on Tuesday, April 28th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Jefferies Financial Group reiterated a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and set a $203.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Bank of America lowered their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

Armstrong World Industries Stock Down 0.1%

NYSE:AWI opened at $182.04 on Monday. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. The stock’s fifty day moving average price is $163.75 and its two-hundred day moving average price is $169.37. 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 released its earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.25 by $0.11. The company had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $461.67 million. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, analysts anticipate that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be issued a $0.339 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 0.7%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 18.63%.

Armstrong World Industries announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Armstrong World Industries Company 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.