Corient Private Wealth LP Acquires Shares of 11,393 Armstrong World Industries, Inc. $AWI

Corient Private Wealth LP bought a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,393 shares of the construction company's stock, valued at approximately $1,828,000.

Several other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in Armstrong World Industries during the 2nd quarter valued at $4,700,000. Bank of America Corp DE boosted its position in shares of Armstrong World Industries by 5.2% in the first quarter. Bank of America Corp DE now owns 457,619 shares of the construction company's stock worth $75,416,000 after buying an additional 22,477 shares during the period. Danske Bank A S purchased a new position in shares of Armstrong World Industries during the second quarter valued at $531,000. Assenagon Asset Management S.A. grew its holdings in shares of Armstrong World Industries by 88.4% during the second quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company's stock valued at $21,913,000 after buying an additional 64,077 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Armstrong World Industries by 28.3% during the first quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company's stock valued at $7,591,000 after buying an additional 10,165 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson reissued a "buy" rating and issued a $215.00 price objective on shares of Armstrong World Industries in a research note on Tuesday. 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 report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $213.25.

Armstrong World Industries Trading Up 1.2%

Armstrong World Industries stock opened at $171.06 on Friday. The company's fifty day simple moving average is $169.33 and its 200-day simple moving average is $167.74. 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, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08. The stock has a market cap of $7.23 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.65 and a beta of 1.17.

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. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts forecast that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries declared that its Board of Directors has approved a stock buyback program on Tuesday, July 21st that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Armstrong World Industries Dividend Announcement

The firm 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%.

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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