Caisse de depot et placement du Quebec Invests $1.02 Million in Armstrong World Industries, Inc. $AWI

Key Points

• Caisse de dépôt et placement du Québec bought 6,352 shares of Armstrong World Industries worth approximately $1.02 million during the second quarter. Institutional investors collectively own 98.93% of AWI’s outstanding shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $213.25. DA Davidson initiated coverage with a $215 buy target, while Jefferies and UBS kept hold or neutral ratings.
• Armstrong reported quarterly EPS of $2.36, beating estimates, while revenue rose 11.2% year over year to $472 million. The company also authorized an $800 million share buyback and pays an annualized dividend of $1.36 per share.

Caisse de depot et placement du Quebec purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,352 shares of the construction company's stock, valued at approximately $1,019,000.

Several other hedge funds have also made changes to their positions in AWI. Millennium Management LLC grew its position in Armstrong World Industries by 571.7% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company's stock worth $16,581,000 after purchasing an additional 100,175 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Armstrong World Industries by 142.0% in the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company's stock valued at $431,000 after purchasing an additional 1,796 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Armstrong World Industries by 63.3% in the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company's stock valued at $17,636,000 after purchasing an additional 48,544 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Armstrong World Industries by 144.2% in the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company's stock worth $9,881,000 after buying an additional 41,417 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Armstrong World Industries in the second quarter worth $291,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

AWI has been the topic of several recent analyst reports. DA Davidson initiated coverage on Armstrong World Industries in a research report on Monday, August 24th. They set a "buy" rating and a $215.00 price target on the stock. Jefferies Financial Group restated a "hold" rating and set a $190.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, July 29th. UBS Group reaffirmed a "neutral" rating and set a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Weiss Ratings downgraded Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Moderate Buy" and an average target price of $213.25.

Armstrong World Industries Trading Up 0.1%

Shares of NYSE:AWI opened at $175.29 on Monday. The firm has a fifty day moving average of $168.29 and a two-hundred day moving average of $168.57. The firm has a market capitalization of $7.41 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08. 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 posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $461.67 million. During the same period in the prior year, the business posted $2.09 earnings per share. Armstrong World Industries's revenue for the quarter was up 11.2% compared to the same quarter last year. 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 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Armstrong World Industries announced that its board has authorized a share buyback program on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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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