Armstrong World Industries, Inc. $AWI Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 37.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,633 shares of the construction company’s stock after purchasing an additional 11,059 shares during the quarter. Nisa Investment Advisors LLC owned about 0.09% of Armstrong World Industries worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Wealth Alliance LLC grew its stake in Armstrong World Industries by 2.5% during the 2nd quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock worth $380,000 after buying an additional 56 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Armstrong World Industries by 4.2% during the third quarter. Blue Trust Inc. now owns 1,548 shares of the construction company’s stock valued at $303,000 after acquiring an additional 63 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Armstrong World Industries by 0.6% during the second quarter. Yousif Capital Management LLC now owns 16,398 shares of the construction company’s stock valued at $2,664,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC grew its position in shares of Armstrong World Industries by 28.9% during the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after acquiring an additional 103 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Armstrong World Industries by 3.6% in the 2nd quarter. State of Wyoming now owns 3,194 shares of the construction company’s stock worth $519,000 after acquiring an additional 110 shares during the period. Institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

AWI has been the subject of several recent analyst reports. Vertical Research began coverage on shares of Armstrong World Industries in a research report on Monday, October 20th. They issued a “buy” rating and a $238.00 target price for the company. UBS Group increased their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. lifted their target price on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Bank of America increased their price target on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. One 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Stock Performance

AWI opened at $200.55 on Friday. The business has a 50 day moving average price of $188.38 and a two-hundred day moving average price of $187.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The company had revenue of $325.00 million for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.Armstrong World Industries has set its FY 2025 guidance at 7.450-7.550 EPS. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a $0.339 dividend. This represents a $1.36 annualized dividend and a yield of 0.7%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, November 6th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.46%.

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.