California State Teachers Retirement System Grows Stock Position in Armstrong World Industries, Inc. $AWI

California State Teachers Retirement System raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,766 shares of the construction company's stock after purchasing an additional 2,310 shares during the quarter. California State Teachers Retirement System owned 0.13% of Armstrong World Industries worth $8,625,142 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Armstrong World Industries during the 2nd quarter worth $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. Geode Capital Management LLC lifted its holdings in shares of Armstrong World Industries by 6.5% during the 4th 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 during the period. Norges Bank acquired a new stake in shares of Armstrong World Industries in the 4th quarter valued at $107,716,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of 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 purchasing an additional 471,675 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.

Analysts Set New Price Targets

AWI has been the subject of several recent research reports. Truist Financial set a $230.00 price target on Armstrong World Industries in a research note on Tuesday, September 8th. DA Davidson reaffirmed a "buy" rating and set a $215.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, September 1st. UBS Group reiterated a "neutral" rating and set a $203.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a "hold" rating and set a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Armstrong World Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.25.

Armstrong World Industries Stock Down 0.5%

AWI stock traded down $0.85 during mid-day trading on Tuesday, reaching $159.38. The company had a trading volume of 142,256 shares, compared to its average volume of 482,031. 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 stock has a 50 day simple moving average of $170.44 and a two-hundred day simple moving average of $166.43. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.60 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $461.67 million. During the same quarter last year, the firm posted $2.09 earnings per share. The firm's revenue 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. As a group, equities analysts predict that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries's dividend payout ratio is presently 18.63%.

Armstrong World Industries Profile

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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