Man Group plc Takes $10.45 Million Position in Armstrong World Industries, Inc. $AWI

Key Points

• Man Group plc acquired 65,108 shares of Armstrong World Industries in the second quarter, valued at approximately $10.45 million and representing about 0.15% of the company.
• Armstrong reported quarterly EPS of $2.36, exceeding estimates of $2.25, while revenue rose 11.2% year over year to $472 million. The company maintained fiscal 2026 EPS guidance of $8.30–$8.50.
• The board authorized an $800 million share-repurchase program covering up to 12.3% of shares. Analysts maintain a “Moderate Buy” consensus, with an average price target of $213.25 versus the reported share price of $175.29.

Man Group plc purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 65,108 shares of the construction company's stock, valued at approximately $10,445,000. Man Group plc owned approximately 0.15% of Armstrong World Industries as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in Armstrong World Industries by 77.0% in the fourth 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 last quarter. MQS Management LLC grew its position in Armstrong World Industries by 4.4% in the first quarter. MQS Management LLC now owns 1,474 shares of the construction company's stock worth $243,000 after acquiring an additional 62 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Armstrong World Industries by 4.3% during the 4th 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. Interchange Capital Partners LLC increased its stake in shares of Armstrong World Industries by 6.1% during the 4th quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company's stock worth $247,000 after purchasing an additional 74 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Armstrong World Industries by 18.4% during the 3rd quarter. US Bancorp DE now owns 509 shares of the construction company's stock valued at $100,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.1%

NYSE:AWI opened at $175.29 on Friday. The company's 50 day moving average is $168.29 and its 200-day moving average is $168.79. 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 firm has a market cap of $7.41 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.71 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. The business had revenue of $472.00 million during 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 quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities 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 stock repurchase program on Tuesday, July 21st that allows the company to buyback $800.00 million in shares. This buyback authorization allows the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a $0.339 dividend. This represents a $1.36 annualized dividend 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 (DPR) is currently 18.63%.

Analyst Ratings Changes

Several research firms recently issued reports on AWI. Weiss Ratings lowered shares of Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. DA Davidson started coverage on shares of Armstrong World Industries in a research report on Monday. They set a "buy" rating and a $215.00 target price on the stock. UBS Group restated a "neutral" rating and set a $203.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $190.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.25.

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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