Amundi Trims Stock Position in Armstrong World Industries, Inc. $AWI

Key Points

• Amundi cut its Armstrong World Industries stake by 41.3% in the second quarter, selling 66,985 shares and retaining 95,053 shares worth approximately $15.25 million. Institutional investors collectively own 98.93% of AWI.
• Armstrong exceeded quarterly expectations with earnings of $2.36 per share and revenue of $472 million, up 11.2% year over year. The company set fiscal 2026 EPS guidance at $8.30–$8.50.
• The board authorized an $800 million share-repurchase program, while the company continues paying a $0.339 quarterly dividend. Analysts maintain a “Moderate Buy” consensus with an average price target of $213.25 versus the reported $164.37 share price.

Amundi trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 41.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,053 shares of the construction company's stock after selling 66,985 shares during the quarter. Amundi owned about 0.22% of Armstrong World Industries worth $15,248,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in Armstrong World Industries by 16,662.2% in 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 acquiring an additional 8,573,686 shares during the last quarter. BlackRock Inc. purchased a new stake in Armstrong World Industries in the second quarter valued at $827,239,000. Capital International Investors lifted its stake in shares of Armstrong World Industries by 1.0% in the 4th quarter. Capital International Investors now owns 2,321,993 shares of the construction company's stock valued at $443,736,000 after purchasing an additional 23,133 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Armstrong World Industries by 18,679.7% in the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company's stock valued at $244,433,000 after purchasing an additional 1,272,275 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Armstrong World Industries by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company's stock valued at $194,027,000 after purchasing an additional 61,647 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of AWI opened at $164.37 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The firm's 50 day moving average price is $170.42 and its 200 day moving average price is $166.71. The company has a market cap of $6.95 billion, a P/E ratio of 22.52, a PEG ratio of 1.58 and a beta of 1.17. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly 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 net margin of 18.60% and a return on equity of 37.35%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, research analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were paid a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries's payout ratio is presently 18.63%.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Truist Financial set a $230.00 price objective on Armstrong World Industries in a research report on Tuesday. Weiss Ratings raised shares of Armstrong World Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a "hold" rating and set a $190.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. UBS Group reiterated a "neutral" rating and set a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, DA Davidson reissued a "buy" rating and issued a $215.00 price target on shares of Armstrong World Industries in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $213.25.

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.

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