Inscription Capital LLC Purchases Shares of 3,354 Armstrong World Industries, Inc. $AWI

Inscription Capital LLC purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,354 shares of the construction company’s stock, valued at approximately $657,000.

Several other large investors have also modified their holdings of the company. Burgundy Asset Management Ltd. grew its stake in Armstrong World Industries by 3.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,321,078 shares of the construction company’s stock valued at $214,596,000 after buying an additional 38,082 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Armstrong World Industries by 0.8% in the second quarter. Geode Capital Management LLC now owns 943,284 shares of the construction company’s stock worth $153,248,000 after purchasing an additional 7,378 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Armstrong World Industries by 121.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock worth $119,718,000 after purchasing an additional 404,000 shares during the period. Invesco Ltd. lifted its position in shares of Armstrong World Industries by 0.3% during the 2nd quarter. Invesco Ltd. now owns 682,445 shares of the construction company’s stock worth $110,856,000 after purchasing an additional 1,823 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Armstrong World Industries by 118.6% during the 2nd quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company’s stock valued at $88,206,000 after purchasing an additional 294,646 shares during the period. 98.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AWI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Vertical Research initiated coverage on shares of Armstrong World Industries in a research note on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective on the stock. Bank of America boosted their target price on shares of Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Stock Performance

Shares of NYSE AWI opened at $190.06 on Thursday. The business has a fifty day simple moving average of $189.28 and a 200 day simple moving average of $189.70. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.64 and a beta of 1.32. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $206.08.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, October 28th. The construction company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.06. The firm had revenue of $425.20 million for the quarter, compared to the consensus estimate of $423.40 million. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.450-7.550 EPS. Sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

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.