Jupiter Topco LLC Buys Shares of 19,800 Armstrong World Industries, Inc. $AWI

Key Points

• Jupiter Topco LLC opened a new position in Armstrong World Industries by purchasing 19,800 shares valued at approximately $3.18 million. Institutional investors and hedge funds collectively own 98.93% of AWI.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $213.25. Recent ratings ranged from “Hold” to “Buy,” including DA Davidson’s $215 target.
• Armstrong reported quarterly earnings of $2.36 per share, exceeding estimates, while revenue rose 11.2% year over year to $472 million. The company also authorized an $800 million share-repurchase program, representing up to 12.3% of outstanding shares, and declared a quarterly dividend of $0.339.

Jupiter Topco LLC bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,800 shares of the construction company's stock, valued at approximately $3,177,000.

Several other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC boosted its holdings in shares of 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 in the last quarter. MQS Management LLC boosted its stake in shares of Armstrong World Industries by 4.4% during the first quarter. MQS Management LLC now owns 1,474 shares of the construction company's stock valued at $243,000 after purchasing an additional 62 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Armstrong World Industries by 4.3% during the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company's stock worth $325,000 after purchasing an additional 70 shares during the last quarter. US Bancorp DE grew its holdings in shares of Armstrong World Industries by 18.4% during the third quarter. US Bancorp DE now owns 509 shares of the construction company's stock worth $100,000 after purchasing an additional 79 shares during the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Armstrong World Industries by 7.9% in the fourth quarter. IHT Wealth Management LLC now owns 1,167 shares of the construction company's stock valued at $223,000 after buying an additional 85 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWI has been the subject of a number of research reports. UBS Group reiterated a "neutral" rating and issued a $203.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Weiss Ratings cut shares of Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Jefferies Financial Group reaffirmed a "hold" rating and set a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, DA Davidson reiterated a "buy" rating and set a $215.00 price target on shares of Armstrong World Industries in a report on Tuesday. One investment 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $213.25.

Armstrong World Industries Trading Up 0.3%

Shares of AWI stock opened at $169.42 on Thursday. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The company has a current ratio of 1.52, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.64 and a beta of 1.17. The stock has a 50-day moving average of $169.14 and a 200-day moving average of $167.94.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $461.67 million. During the same period in the previous year, the firm earned $2.09 earnings per share. The firm's quarterly revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities research analysts forecast 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 authorized a share repurchase program on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to buy up to 12.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

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