Edgestream Partners L.P. Sells 30,677 Shares of Armstrong World Industries, Inc. $AWI

Edgestream Partners L.P. cut its position in Armstrong World Industries, Inc. (NYSE:AWI) by 74.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,431 shares of the construction company’s stock after selling 30,677 shares during the quarter. Edgestream Partners L.P.’s holdings in Armstrong World Industries were worth $1,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of 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 purchasing an additional 1,272,275 shares in the last quarter. Norges Bank bought a new stake in Armstrong World Industries during the fourth quarter worth about $107,716,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 buying an additional 471,675 shares during the period. SurgoCap Partners LP bought a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $72,020,000. Finally, AQR Capital Management LLC boosted its position in shares of Armstrong World Industries by 64.1% during the 3rd quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock worth $173,775,000 after acquiring an additional 348,327 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

AWI stock opened at $179.87 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. The company’s 50-day moving average is $158.78 and its 200-day moving average is $169.86. The stock has a market capitalization of $7.60 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. Armstrong World Industries, Inc. has a 1 year low of $150.28 and a 1 year high of $206.08.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $461.67 million. During the same period in the prior year, the business earned $2.09 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities research analysts expect that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 5th. Armstrong World Industries’s payout ratio is 18.63%.

Armstrong World Industries announced that its board has approved a stock repurchase program on Tuesday, July 21st that allows the company to buyback $800.00 million in shares. This buyback authorization allows the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AWI has been the subject of a number of research analyst reports. UBS Group reissued a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 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. Evercore set a $200.00 target price on Armstrong World Industries in a report on Tuesday, April 28th. Finally, Bank of America decreased their price target 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 given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

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.