Squarepoint Ops LLC Sells 92,170 Shares of Armstrong World Industries, Inc. $AWI

Squarepoint Ops LLC lowered its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 65.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 48,065 shares of the construction company’s stock after selling 92,170 shares during the quarter. Squarepoint Ops LLC’s holdings in Armstrong World Industries were worth $7,711,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in Armstrong World Industries by 16,662.2% in the second quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock worth $1,383,645,000 after purchasing an additional 8,573,686 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Armstrong World Industries in the second quarter worth about $827,239,000. Bank of Montreal Can increased its holdings 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 buying an additional 1,272,275 shares during the period. Norges Bank bought a new stake in shares of Armstrong World Industries in the 4th quarter valued at about $107,716,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Armstrong World Industries by 33,007.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after acquiring an additional 471,675 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

AWI has been the topic of several recent research reports. Weiss Ratings upgraded Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. DA Davidson reissued a “buy” rating and set a $215.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, September 1st. UBS Group restated a “neutral” rating and issued a $203.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Truist Financial set a $230.00 price target on shares of Armstrong World Industries in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $213.25.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $162.70 on Friday. Armstrong World Industries, Inc. has a 1 year low of $150.28 and a 1 year high of $206.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. The company’s 50-day moving average is $170.31 and its 200 day moving average is $166.72. The stock has a market capitalization of $6.88 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.63 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. The business had revenue of $472.00 million during the quarter, compared to analyst estimates of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. Armstrong World Industries’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, sell-side analysts expect that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given 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 is currently 18.63%.

Armstrong World Industries announced that its board has authorized a stock buyback plan on Tuesday, July 21st that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 12.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a manufacturer of ceiling, wall and suspension-system solutions for commercial and residential spaces. The company develops products designed to improve acoustics, aesthetics, lighting integration, indoor environmental quality and installation efficiency.

Its product portfolio includes mineral fiber, fiberglass, metal and wood ceilings; ceiling suspension systems; acoustical wall panels; partitions; and specialty architectural systems. Armstrong’s solutions are used in offices, schools, health care facilities, retail spaces, transportation hubs, hospitality venues and other building environments.

Armstrong World Industries traces its roots to 1860 and is headquartered in Lancaster, Pennsylvania.