Callan Family Office LLC Buys New Holdings in Armstrong World Industries, Inc. $AWI

Callan Family Office LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,948 shares of the construction company's stock, valued at approximately $1,917,000.

A number of other large investors have also bought and sold shares of AWI. Millennium Management LLC boosted its stake in shares of Armstrong World Industries by 571.7% during the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company's stock valued at $16,581,000 after purchasing an additional 100,175 shares during the period. Jones Financial Companies Lllp increased its stake 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 worth $431,000 after buying an additional 1,796 shares during the period. Goldman Sachs Group Inc. raised its holdings in Armstrong World Industries by 63.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company's stock valued at $17,636,000 after buying an additional 48,544 shares during the last quarter. Jane Street Group LLC raised its holdings in Armstrong World Industries by 144.2% during the 1st quarter. Jane Street Group LLC now owns 70,136 shares of the construction company's stock valued at $9,881,000 after buying an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Armstrong World Industries during the 2nd quarter valued at $291,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $179.01 on Monday. The stock has a fifty day moving average of $166.21 and a 200 day moving average of $169.15. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 24.52, a PEG 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 released its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, beating 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 firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, research analysts expect that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

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

Armstrong World Industries Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source