Freestone Grove Partners LP Makes New $1.86 Million Investment in Armstrong World Industries, Inc. $AWI

Key Points

• Freestone Grove Partners acquired 11,588 shares of Armstrong World Industries valued at approximately $1.86 million. Institutional investors collectively own 98.93% of the company’s outstanding stock.
• Armstrong exceeded quarterly expectations with adjusted EPS of $2.36 versus the $2.25 consensus and revenue of $472 million, up 11.2% year over year. The company issued fiscal 2026 EPS guidance of $8.30–$8.50.
• The board authorized an $800 million share repurchase program, while the company maintains a quarterly dividend of $0.339 per share, or a 0.8% annualized yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $213.25.

Freestone Grove Partners LP purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,588 shares of the construction company's stock, valued at approximately $1,859,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company's stock valued at $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 in the 4th quarter worth approximately $27,000. Cullen Frost Bankers Inc. increased its stake 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 purchasing an additional 98 shares during the period. CIBC Private Wealth Group LLC lifted its position in Armstrong World Industries by 426.5% in the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company's stock valued at $35,000 after purchasing an additional 145 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of Armstrong World Industries during the first quarter valued at approximately $38,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Down 0.1%

Shares of Armstrong World Industries stock opened at $175.29 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.06 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 company has a market cap of $7.41 billion, a P/E ratio of 24.01, a PEG ratio of 1.71 and a beta of 1.16. The company's fifty day simple moving average is $168.29 and its two-hundred day simple moving average is $168.79.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. The firm had revenue of $472.00 million during 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 company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Research analysts anticipate that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

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

Armstrong World Industries Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on AWI. UBS Group reaffirmed a "neutral" rating and issued a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. DA Davidson started coverage on shares of Armstrong World Industries in a research report on Monday. They issued a "buy" rating and a $215.00 price objective on the stock. Jefferies Financial Group restated a "hold" rating and issued a $190.00 price objective on shares of Armstrong World Industries in a research 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 report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Armstrong World Industries presently has an average rating of "Moderate Buy" and a consensus price target of $213.25.

Armstrong World Industries Company 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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