Armstrong World Industries, Inc. $AWI Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC boosted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,857 shares of the construction company’s stock after purchasing an additional 3,883 shares during the quarter. Armstrong World Industries makes up 1.6% of Rice Hall James & Associates LLC’s holdings, making the stock its 14th largest position. Rice Hall James & Associates LLC owned about 0.41% of Armstrong World Industries worth $29,146,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in Armstrong World Industries in the 4th quarter worth $84,143,000. SG Americas Securities LLC acquired a new position in Armstrong World Industries during the fourth quarter worth $18,822,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Armstrong World Industries by 33,007.3% during the fourth 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. Norges Bank purchased a new position in Armstrong World Industries during the fourth quarter valued at $107,716,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Armstrong World Industries by 74.0% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 16,700 shares of the construction company’s stock valued at $3,191,000 after purchasing an additional 7,100 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AWI has been the subject of a number of research reports. UBS Group cut 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 research note on Wednesday, April 29th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Evercore set a $200.00 price objective on Armstrong World Industries in a research note on Tuesday, April 28th. Finally, Bank of America reduced their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.

Armstrong World Industries Stock Performance

NYSE:AWI 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 market capitalization of $6.86 billion, a P/E ratio of 22.80, a PEG ratio of 1.74 and a beta of 1.17. The company has a 50 day moving average price of $156.63 and a 200 day moving average price of $171.00. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The firm had revenue of $409.90 million during the quarter, compared to analysts’ expectations of $409.46 million. During the same period in the previous year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities research analysts forecast that Armstrong World Industries, Inc. will post 8.31 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently disclosed 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. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 5th. Armstrong World Industries’s payout ratio is currently 19.29%.

Armstrong World Industries declared that its Board of Directors has approved a share repurchase plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors 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.