Bessemer Group Inc. Acquires 10,165 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• Bessemer Group Inc. increased its stake in Armstrong World Industries by 28.3% in the first quarter, buying 10,165 additional shares and bringing its total holding to 46,058 shares worth about $7.59 million.
• Armstrong World Industries reported Q1 EPS of $1.69, missing analyst expectations of $1.82, although revenue came in roughly in line at $409.9 million and was up 7.1% year over year.
• The company continues to pay a quarterly dividend of $0.339 per share, which annualizes to $1.36 and yields about 0.9%; Wall Street currently has a Moderate Buy consensus with an average price target of $211.86.

Bessemer Group Inc. grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 28.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,058 shares of the construction company's stock after buying an additional 10,165 shares during the period. Bessemer Group Inc. owned 0.11% of Armstrong World Industries worth $7,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWI. Larson Financial Group LLC lifted its stake in Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company's stock worth $25,000 after acquiring an additional 57 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Armstrong World Industries during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. increased its position in Armstrong World Industries by 124.1% during 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 period. CIBC Private Wealth Group LLC raised its holdings in Armstrong World Industries by 426.5% in 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 in the last quarter. Finally, Sound Income Strategies LLC bought a new position in Armstrong World Industries in the 4th quarter worth $39,000. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $156.01 on Monday. The business's fifty day moving average is $156.87 and its 200 day moving average is $172.14. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.69 and a beta of 1.17. Armstrong World Industries, Inc. has a twelve month low of $150.28 and a twelve month high of $206.08.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The firm had revenue of $409.90 million for the quarter, compared to analysts' expectations of $409.46 million. During the same period in the prior year, the business posted $1.66 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Research analysts expect that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries's dividend payout ratio (DPR) is 19.29%.

Wall Street Analysts Forecast Growth

AWI has been the subject of several research analyst reports. Weiss Ratings cut shares of Armstrong World Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 4th. UBS Group decreased their price target on shares of Armstrong World Industries from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, April 29th. Bank of America lowered their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a "buy" rating for the company in a report on Monday, April 20th. Finally, Evercore set a $200.00 price objective on Armstrong World Industries in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Armstrong World Industries presently has a consensus rating of "Moderate Buy" and an average price target of $211.86.

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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