BlackRock Inc. Takes Position in Armstrong World Industries, Inc. $AWI

BlackRock Inc. bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,156,705 shares of the construction company's stock, valued at approximately $827,239,000. BlackRock Inc. owned approximately 12.20% of Armstrong World Industries at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AWI. Larson Financial Group LLC grew its position in shares of Armstrong World Industries by 77.0% in the fourth 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 period. Eurizon Capital SGR S.p.A. purchased a new position in Armstrong World Industries in the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. boosted its holdings 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 worth $34,000 after buying an additional 98 shares during the last quarter. CIBC Private Wealth Group LLC boosted 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 buying an additional 145 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Armstrong World Industries during the 1st quarter worth approximately $38,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AWI has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $190.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. UBS Group reiterated a "neutral" rating and issued a $203.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of Armstrong World Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 4th. Finally, Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $213.00.

Armstrong World Industries Trading Up 0.5%

AWI opened at $179.01 on Friday. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The business has a fifty day simple moving average of $166.21 and a 200-day simple moving average of $169.27. The firm has a market cap of $7.56 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.74 and a beta of 1.16. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results 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 business 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%. The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries's dividend payout ratio is currently 18.63%.

Armstrong World Industries declared that its board has approved a share buyback plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 12.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

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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