Junto Capital Management LP Sells 79,605 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• Junto Capital Management reduced its Armstrong World Industries stake by 31.8%, selling 79,605 shares and retaining 170,833 shares valued at approximately $27.4 million. Institutional investors collectively own 98.93% of AWI.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $213.25, despite shares opening at $167.28 and trading down 1.8%.
• Armstrong exceeded quarterly expectations, reporting $2.36 in EPS and $472 million in revenue, while authorizing an $800 million share repurchase program and paying a quarterly dividend of $0.339 per share.

Junto Capital Management LP trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 31.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 170,833 shares of the construction company's stock after selling 79,605 shares during the quarter. Junto Capital Management LP owned approximately 0.40% of Armstrong World Industries worth $27,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AWI. Nykredit A S acquired a new stake in Armstrong World Industries during the 2nd quarter worth approximately $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Armstrong World Industries during the second quarter worth $3,000,000. California State Teachers Retirement System grew its stake in shares of Armstrong World Industries by 16,662.2% in the second quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company's stock worth $1,383,645,000 after purchasing an additional 8,573,686 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Armstrong World Industries in the second quarter worth $209,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in Armstrong World Industries in the second quarter valued at $1,715,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AWI. UBS Group reiterated a "neutral" rating and issued a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Truist Financial set a $230.00 price objective on Armstrong World Industries in a research note on Tuesday. Weiss Ratings cut Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. DA Davidson restated a "buy" rating and set a $215.00 price target on shares of Armstrong World Industries in a report on Tuesday, September 1st. Finally, Jefferies Financial Group restated a "hold" rating and issued a $190.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.25.

Armstrong World Industries Trading Down 1.8%

Shares of AWI stock opened at $167.28 on Thursday. The company has a market cap of $7.07 billion, a P/E ratio of 22.91, a PEG ratio of 1.66 and a beta of 1.17. The stock has a 50 day simple moving average of $170.22 and a two-hundred day simple moving average of $166.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.11. The firm had revenue of $472.00 million for the quarter, compared to analysts' expectations of $461.67 million. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The company'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 earned $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Research analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 21st that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 12.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Armstrong World Industries Announces Dividend

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

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