Magnetar Financial LLC Makes New $7.92 Million Investment in Armstrong World Industries, Inc. $AWI

Magnetar Financial LLC acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the third quarter, HoldingsChannel.com reports. The fund acquired 40,400 shares of the construction company’s stock, valued at approximately $7,919,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AWI. Norges Bank purchased a new stake in shares of Armstrong World Industries during the 2nd quarter worth approximately $84,412,000. Adage Capital Partners GP L.L.C. grew its holdings 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 valued at $119,718,000 after purchasing an additional 404,000 shares in the last quarter. AQR Capital Management LLC increased its position in Armstrong World Industries by 118.6% in the second quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company’s stock worth $88,206,000 after purchasing an additional 294,646 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Armstrong World Industries by 1,782.8% in the second quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock worth $23,247,000 after purchasing an additional 135,512 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Armstrong World Industries by 571.7% during the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after purchasing an additional 100,175 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock opened at $166.83 on Wednesday. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.46. The stock has a 50 day moving average price of $188.91 and a 200-day moving average price of $191.13. 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 released its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.06). The company had revenue of $388.30 million for the quarter, compared to analysts’ expectations of $400.87 million. Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be paid a $0.339 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is currently 19.21%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AWI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average target price of $211.43.

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.