Bank of New York Mellon Corp Makes New Investment in Armstrong World Industries, Inc. $AWI

Key Points

• Bank of New York Mellon acquired 270,613 shares of Armstrong World Industries in the second quarter, worth approximately $43.4 million and representing 0.64% of the company. Institutional investors and hedge funds collectively own 98.93% of AWI.
• Armstrong reported quarterly earnings of $2.36 per share on revenue of $472 million, exceeding analyst estimates, while revenue grew 11.2% year over year. The company issued fiscal 2026 EPS guidance of $8.30–$8.50.
• The company declared a quarterly dividend of $0.339 and authorized an $800 million share buyback, covering up to 12.3% of outstanding shares. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $213.25.

Bank of New York Mellon Corp bought a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 270,613 shares of the construction company's stock, valued at approximately $43,412,000. Bank of New York Mellon Corp owned about 0.64% of Armstrong World Industries at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC grew its holdings in shares of 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 purchasing an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Armstrong World Industries in the 4th quarter valued at approximately $27,000. Cullen Frost Bankers Inc. lifted its stake in Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company's stock valued at $34,000 after purchasing an additional 98 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Armstrong World Industries by 426.5% in the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company's stock valued at $35,000 after buying an additional 145 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Armstrong World Industries in the first quarter valued at approximately $38,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

AWI stock opened at $176.00 on Friday. The company has a fifty day moving average price of $167.94 and a 200-day moving average price of $168.74. The company has a market capitalization of $7.44 billion, a P/E ratio of 24.11, a PEG ratio of 1.73 and a beta of 1.16. Armstrong World Industries, Inc. has a 52-week low of $150.28 and a 52-week high of $206.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52.

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 for the quarter, topping the consensus estimate of $2.25 by $0.11. The company had revenue of $472.00 million for 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%. Armstrong World Industries's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter 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 expect that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were given a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 5th. Armstrong World Industries's payout ratio is 18.63%.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AWI. UBS Group reiterated a "neutral" rating and set a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. DA Davidson began coverage on Armstrong World Industries in a report on Monday. They set a "buy" rating and a $215.00 price objective on the stock. Weiss Ratings lowered Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $190.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $213.25.

Armstrong World Industries Company 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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