Quantbot Technologies LP Invests $2.86 Million in Armstrong World Industries, Inc. $AWI

Key Points

• Quantbot Technologies acquired 17,839 shares of Armstrong World Industries worth approximately $2.86 million in the second quarter. Institutional investors collectively own 98.93% of AWI.
• Armstrong reported quarterly EPS of $2.36, exceeding the $2.25 consensus estimate, while revenue rose 11.2% year over year to $472 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $213.
• The company declared a quarterly dividend of $0.339 and approved an $800 million share buyback program, authorizing repurchases of up to 12.3% of outstanding shares.

Quantbot Technologies LP purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,839 shares of the construction company's stock, valued at approximately $2,862,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AWI. Larson Financial Group LLC lifted its position in shares of Armstrong World Industries by 77.0% during the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company's stock worth $25,000 after purchasing an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Armstrong World Industries in the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its stake in Armstrong World Industries by 124.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company's stock valued at $34,000 after buying an additional 98 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Armstrong World Industries by 426.5% during the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company's stock valued at $35,000 after buying an additional 145 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in Armstrong World Industries during the 1st quarter worth approximately $38,000. Institutional investors own 98.93% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on AWI. Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday, April 28th. Weiss Ratings lowered Armstrong World Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 4th. UBS Group restated a "neutral" rating and set a $203.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $213.00.

Armstrong World Industries Price Performance

AWI opened at $179.01 on Monday. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The company's 50-day moving average price is $166.21 and its 200 day moving average price is $169.15. 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 (NYSE:AWI - Get Free Report) last issued its 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. 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 quarter last year, the company posted $2.09 earnings per share. Armstrong World Industries's 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. As a group, sell-side analysts expect that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries Announces Dividend

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

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

About Armstrong World Industries

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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