Armstrong World Industries, Inc. $AWI Shares Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management increased its Armstrong World Industries stake by 315.8% in the second quarter, bringing its holdings to 7,742 shares valued at approximately $1.24 million. Institutional investors and hedge funds collectively own 98.93% of AWI’s outstanding stock.
• Armstrong reported quarterly EPS of $2.36, beating estimates of $2.25, while revenue rose 11.2% year over year to $472 million. The company also authorized an $800 million stock-repurchase program covering up to 12.3% of its shares and pays an annualized dividend of $1.36.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $213.25 versus the reported share price of $173.27. Recent targets range from $190 to $215, while ratings include one Strong Buy, five Buys, and four Holds.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 315.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,742 shares of the construction company's stock after buying an additional 5,880 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Armstrong World Industries were worth $1,242,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in Armstrong World Industries in the second quarter valued at about $4,700,000. Danske Bank A S acquired a new position in Armstrong World Industries during the 2nd quarter worth approximately $531,000. Assenagon Asset Management S.A. increased its position in Armstrong World Industries by 88.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company's stock worth $21,913,000 after purchasing an additional 64,077 shares during the period. Bank of America Corp DE raised its stake in shares of Armstrong World Industries by 5.2% during the 1st quarter. Bank of America Corp DE now owns 457,619 shares of the construction company's stock worth $75,416,000 after buying an additional 22,477 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Armstrong World Industries by 28.3% in the 1st quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company's stock valued at $7,591,000 after buying an additional 10,165 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

AWI opened at $173.27 on Friday. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The stock has a market cap of $7.32 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.69 and a beta of 1.17. The stock's 50 day simple moving average is $169.56 and its 200 day simple moving average is $167.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. The firm had revenue of $472.00 million during the quarter, compared to analysts' expectations of $461.67 million. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.Armstrong World Industries's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, equities analysts anticipate that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries announced that its board has approved a stock repurchase plan on Tuesday, July 21st that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 12.3% of its stock through open market purchases. Stock repurchase 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 disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries's dividend payout ratio is presently 18.63%.

Analysts Set New Price Targets

AWI has been the topic of a number of recent analyst reports. UBS Group reaffirmed a "neutral" rating and set a $203.00 price objective 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 "hold (c+)" rating in a report on Tuesday, August 25th. DA Davidson restated a "buy" rating and set a $215.00 target price on shares of Armstrong World Industries in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $213.25.

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.

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