Hsbc Holdings PLC Acquires New Shares in Armstrong World Industries, Inc. $AWI

Hsbc Holdings PLC bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,215 shares of the construction company’s stock, valued at approximately $3,552,000. Hsbc Holdings PLC owned about 0.05% of Armstrong World Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Armstrong World Industries during the second quarter valued at $827,239,000. Capital International Investors boosted its holdings in shares of Armstrong World Industries by 1.0% during the 4th quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock valued at $443,736,000 after acquiring an additional 23,133 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Armstrong World Industries by 18,679.7% in the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock worth $244,433,000 after acquiring an additional 1,272,275 shares during the period. Geode Capital Management LLC raised its holdings in shares of Armstrong World Industries by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock valued at $194,027,000 after purchasing an additional 61,647 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Armstrong World Industries by 7.8% during the fourth quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock valued at $183,682,000 after purchasing an additional 69,849 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AWI. DA Davidson assumed coverage on shares of Armstrong World Industries in a report on Monday, August 24th. They issued a “buy” rating and a $215.00 target price on the stock. UBS Group reiterated a “neutral” rating and set a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Weiss Ratings lowered Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $213.25.

Armstrong World Industries Stock Down 0.1%

AWI opened at $175.29 on Friday. The firm’s 50 day simple moving average is $168.29 and its two-hundred day simple moving average is $168.79. The company has a market capitalization of $7.41 billion, a PE ratio of 24.01, a PEG ratio of 1.70 and a beta of 1.16. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The company has a current ratio of 1.52, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. The firm 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%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, equities analysts forecast that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

Armstrong World Industries Dividend Announcement

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

Armstrong World Industries declared that its board has authorized a share repurchase program on Tuesday, July 21st that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is 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.