Walleye Capital LLC Makes New $837,000 Investment in Armstrong World Industries, Inc. $AWI

Walleye Capital LLC purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the first quarter, HoldingsChannel reports. The institutional investor purchased 5,078 shares of the construction company’s stock, valued at approximately $837,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC grew its position in Armstrong World Industries by 571.7% during the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after buying an additional 100,175 shares during the period. Jones Financial Companies Lllp raised its position in Armstrong World Industries by 142.0% in the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock worth $431,000 after acquiring an additional 1,796 shares during the period. Goldman Sachs Group Inc. raised its position in Armstrong World Industries by 63.3% in the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock worth $17,636,000 after acquiring an additional 48,544 shares during the period. Jane Street Group LLC boosted its stake in shares of Armstrong World Industries by 144.2% during the 1st quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after acquiring an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Armstrong World Industries during the 2nd quarter worth $291,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 1.7%

Shares of AWI stock opened at $160.74 on Friday. 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 stock has a fifty day simple moving average of $156.63 and a two-hundred day simple moving average of $171.00. The firm has a market capitalization of $6.86 billion, a PE ratio of 22.80, a PEG ratio of 1.72 and a beta of 1.17. 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 announced its quarterly earnings data 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 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 was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries announced that its Board of Directors has initiated a share repurchase plan on Tuesday, July 21st that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Armstrong World Industries Dividend Announcement

The firm 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 of this dividend is Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Armstrong World Industries’s payout ratio is currently 19.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Bank of America decreased 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. Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday, April 28th. Finally, UBS Group cut their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. 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, Armstrong World Industries presently 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.