Marshall Financial Group LLC purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,838 shares of the construction company’s stock, valued at approximately $733,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in AWI. Millennium Management LLC raised its position in shares of Armstrong World Industries by 571.7% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after buying an additional 100,175 shares during the period. Jones Financial Companies Lllp grew its position in Armstrong World Industries by 142.0% in the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock worth $431,000 after acquiring an additional 1,796 shares during the period. Goldman Sachs Group Inc. increased its stake in Armstrong World Industries by 63.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock worth $17,636,000 after acquiring an additional 48,544 shares during the last quarter. Jane Street Group LLC increased its stake in Armstrong World Industries by 144.2% during the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after acquiring an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Armstrong World Industries in the second quarter valued at $291,000. Institutional investors and hedge funds own 98.93% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on AWI shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus target price of $211.43.
Armstrong World Industries Trading Up 1.2%
NYSE AWI opened at $165.88 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.46. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.81 and a beta of 1.33. The firm has a 50 day simple moving average of $183.80 and a 200-day simple moving average of $189.28. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $206.08.
Armstrong World Industries (NYSE:AWI – Get Free Report) last announced its earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.06). The business had revenue of $388.30 million for the quarter, compared to analysts’ expectations of $400.87 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.Armstrong World Industries’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.
Armstrong World Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were given a dividend of $0.339 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is currently 19.21%.
Armstrong World Industries Company 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.
Further Reading
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