Armstrong World Industries, Inc. $AWI Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Armstrong World Industries stake by 88.4% in the second quarter, acquiring 64,077 additional shares for a total holding of 136,597 shares valued at approximately $21.9 million. Institutional investors collectively own 98.93% of AWI.
• Armstrong reported quarterly EPS of $2.36, beating estimates by $0.11, while revenue rose 11.2% year over year to $472 million. The company issued fiscal 2026 EPS guidance of $8.30–$8.50.
• The board authorized an $800 million share buyback, covering up to 12.3% of outstanding shares, and declared a quarterly dividend of $0.339 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $213.

Assenagon Asset Management S.A. raised its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 88.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,597 shares of the construction company's stock after purchasing an additional 64,077 shares during the period. Assenagon Asset Management S.A. owned 0.32% of Armstrong World Industries worth $21,913,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Capital International Investors boosted its holdings in Armstrong World Industries by 1.0% in the fourth quarter. Capital International Investors now owns 2,321,993 shares of the construction company's stock valued at $443,736,000 after acquiring an additional 23,133 shares during the last quarter. Bank of Montreal Can grew its stake in Armstrong World Industries by 18,679.7% during the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company's stock worth $244,433,000 after buying an additional 1,272,275 shares during the period. Geode Capital Management LLC increased its position in shares of Armstrong World Industries by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company's stock worth $194,027,000 after acquiring an additional 61,647 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Armstrong World Industries by 7.8% in the 4th quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company's stock valued at $183,682,000 after acquiring an additional 69,849 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Armstrong World Industries by 6.4% during the 4th quarter. Invesco Ltd. now owns 807,605 shares of the construction company's stock valued at $154,333,000 after acquiring an additional 48,925 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.1%

Shares of NYSE:AWI opened at $185.41 on Monday. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. The company has a market cap of $7.84 billion, a PE ratio of 25.40, a P/E/G ratio of 1.80 and a beta of 1.16. The company's 50-day moving average price is $160.79 and its 200 day moving average price is $169.54.

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 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 company had revenue of $472.00 million for the quarter, compared to analyst estimates of $461.67 million. During the same period last year, the company earned $2.09 earnings per share. The company's quarterly revenue was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Sell-side analysts anticipate that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries announced that its board has initiated a share buyback plan on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to purchase up to 12.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be given a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 5th. Armstrong World Industries's dividend payout ratio (DPR) is 18.63%.

Analyst Upgrades and Downgrades

AWI has been the subject of a number of analyst reports. Evercore set a $200.00 price target on Armstrong World Industries in a report on Tuesday, April 28th. UBS Group reissued a "neutral" rating and set a $203.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Bank of America lowered their target price on Armstrong World Industries from $216.00 to $210.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reissued a "hold" rating and issued a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Armstrong World Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 4th. One 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 stock. According to MarketBeat, Armstrong World Industries has a consensus rating of "Moderate Buy" and an average price target of $213.00.

About Armstrong World Industries

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.

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