18,700 Shares in Armstrong World Industries, Inc. $AWI Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,700 shares of the construction company’s stock, valued at approximately $3,000,000.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System grew its holdings in shares of Armstrong World Industries by 16,662.2% during the second quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock valued at $1,383,645,000 after buying an additional 8,573,686 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Armstrong World Industries in the 2nd quarter valued at approximately $209,000. Nykredit A S bought a new position in Armstrong World Industries in the 2nd quarter valued at approximately $302,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Armstrong World Industries during the 2nd quarter valued at $1,715,000. Finally, Keeler Thomas Management LLC boosted its stake in Armstrong World Industries by 9.3% during the 2nd quarter. Keeler Thomas Management LLC now owns 5,927 shares of the construction company’s stock valued at $951,000 after purchasing an additional 506 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on AWI shares. Weiss Ratings raised Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Truist Financial set a $230.00 price objective on Armstrong World Industries in a research report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $215.00 price objective on shares of Armstrong World Industries in a report on Tuesday, September 1st. UBS Group reiterated a “neutral” rating and issued a $203.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $190.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.25.

Armstrong World Industries Trading Down 2.7%

Shares of AWI stock opened at $162.70 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08. The stock has a market capitalization of $6.88 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.63 and a beta of 1.17. The firm’s 50 day moving average is $170.31 and its 200 day moving average is $166.72.

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

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were given 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 was Wednesday, August 5th. Armstrong World Industries’s dividend payout ratio is 18.63%.

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

About Armstrong World Industries

Armstrong World Industries, Inc is a manufacturer of ceiling, wall and suspension-system solutions for commercial and residential spaces. The company develops products designed to improve acoustics, aesthetics, lighting integration, indoor environmental quality and installation efficiency.

Its product portfolio includes mineral fiber, fiberglass, metal and wood ceilings; ceiling suspension systems; acoustical wall panels; partitions; and specialty architectural systems. Armstrong’s solutions are used in offices, schools, health care facilities, retail spaces, transportation hubs, hospitality venues and other building environments.

Armstrong World Industries traces its roots to 1860 and is headquartered in Lancaster, Pennsylvania.