Bank of America Corp DE increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 457,619 shares of the construction company's stock after purchasing an additional 22,477 shares during the period. Bank of America Corp DE owned 1.07% of Armstrong World Industries worth $75,416,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company's stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Armstrong World Industries in the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. raised its position in shares of Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company's stock worth $34,000 after acquiring an additional 98 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company's stock worth $35,000 after purchasing an additional 145 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in Armstrong World Industries during the fourth quarter valued at about $39,000. 98.93% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AWI has been the subject of several analyst reports. Evercore set a $200.00 price target on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Weiss Ratings lowered shares of Armstrong World Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 4th. 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. Jefferies Financial Group restated a "hold" rating and issued a $190.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Bank of America cut their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Armstrong World Industries has an average rating of "Moderate Buy" and a consensus target price of $213.00.
Check Out Our Latest Stock Analysis on AWI
Armstrong World Industries Price Performance
NYSE AWI opened at $185.41 on Monday. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.80 and a beta of 1.16. 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's fifty day moving average price is $160.79 and its 200 day moving average price is $169.54. Armstrong World Industries, Inc. has a 1 year low of $150.28 and a 1 year high of $206.08.
Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $461.67 million. During the same period in the prior year, the company earned $2.09 earnings per share. The company'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 research analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.
Armstrong World Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 5th. Armstrong World Industries's dividend payout ratio (DPR) is currently 18.63%.
Armstrong World Industries declared that its Board of Directors has initiated 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 buy up to 12.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
About Armstrong World Industries
(
Free Report)
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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