VIRGINIA RETIREMENT SYSTEMS ET Al Grows Stake in Armstrong World Industries, Inc. $AWI

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 74.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,700 shares of the construction company’s stock after purchasing an additional 7,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Armstrong World Industries were worth $3,191,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in shares of Armstrong World Industries by 64.1% during the third quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock worth $173,775,000 after purchasing an additional 348,327 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Armstrong World Industries by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 860,799 shares of the construction company’s stock worth $168,716,000 after purchasing an additional 2,799 shares in the last quarter. Invesco Ltd. grew its position in shares of Armstrong World Industries by 11.2% during the third quarter. Invesco Ltd. now owns 758,680 shares of the construction company’s stock worth $148,709,000 after purchasing an additional 76,235 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Armstrong World Industries by 1.9% during the third quarter. Alyeska Investment Group L.P. now owns 502,736 shares of the construction company’s stock valued at $98,541,000 after buying an additional 9,139 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Armstrong World Industries during the fourth quarter valued at approximately $84,143,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

AWI has been the subject of a number of research reports. Bank of America dropped their price target on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Evercore set a $200.00 price target on Armstrong World Industries in a research note on Tuesday, April 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday, April 20th. UBS Group dropped their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. One research 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 company. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Price Performance

NYSE:AWI opened at $160.20 on Friday. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.71 and a beta of 1.21. Armstrong World Industries, Inc. has a 1 year low of $149.06 and a 1 year high of $206.08. The business has a 50 day simple moving average of $168.86 and a 200-day simple moving average of $182.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). The company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. Armstrong World Industries’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities analysts forecast that Armstrong World Industries, Inc. will post 8.32 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be paid a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.29%.

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.