Ieq Capital LLC Acquires Shares of 38,594 Armstrong World Industries, Inc. $AWI

Ieq Capital LLC bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 38,594 shares of the construction company’s stock, valued at approximately $6,191,000.

Several other large investors have also recently made changes to their positions in AWI. BlackRock Inc. purchased a new stake in Armstrong World Industries during the second quarter worth $827,239,000. Capital International Investors increased its holdings in Armstrong World Industries by 1.0% in the fourth quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock valued at $443,736,000 after buying an additional 23,133 shares in the last quarter. Bank of Montreal Can raised its position 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 position in shares of Armstrong World Industries by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock worth $194,027,000 after acquiring an additional 61,647 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Armstrong World Industries by 7.8% during the 4th quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock worth $183,682,000 after acquiring an additional 69,849 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AWI shares. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Evercore set a $200.00 price target on Armstrong World Industries in a report on Tuesday, April 28th. UBS Group reiterated a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $190.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.00.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $179.01 on Monday. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The business’s fifty day simple moving average is $166.21 and its 200-day simple moving average is $169.15. The firm has a market cap of $7.56 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. 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) last posted its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share 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 during the quarter, compared to analysts’ expectations of $461.67 million. During the same quarter last year, the company posted $2.09 EPS. The firm’s quarterly 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. Equities analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries declared that its Board of Directors has authorized a share repurchase plan on Tuesday, July 21st that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the construction company to buy up to 12.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.339 per share. 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 is currently 18.63%.

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.