Public Employees Retirement System of Ohio acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 13,440 shares of the construction company's stock, valued at approximately $2,156,000.
Several other hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in Armstrong World Industries by 77.0% during 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 in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Armstrong World Industries in the 4th quarter worth $27,000. Cullen Frost Bankers Inc. lifted 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 in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Armstrong World Industries by 426.5% during the 3rd 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 bought a new position in shares of Armstrong World Industries during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 98.93% of the company's stock.
Armstrong World Industries Stock Performance
Shares of NYSE:AWI opened at $173.27 on Monday. The firm has a fifty day simple moving average of $169.56 and a two-hundred day simple moving average of $167.55. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $7.32 billion, a P/E ratio of 23.74, a PEG ratio of 1.69 and a beta of 1.17.
Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The firm had revenue of $472.00 million for the quarter, compared to analysts' expectations of $461.67 million. During the same period in the prior year, the company earned $2.09 EPS. The business's revenue was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, analysts expect that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.
Armstrong World Industries declared that its board has approved a stock 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 repurchase 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 business 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 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 presently 18.63%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. DA Davidson restated a "buy" rating and set a $215.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, September 1st. UBS Group reissued a "neutral" rating and set a $203.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "hold" rating and set a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Weiss Ratings downgraded Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of "Moderate Buy" and an average target price of $213.25.
Check Out Our Latest Report on AWI
Armstrong World Industries Company Profile
(
Free Report)
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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