ING Groep NV Purchases 25,100 Shares of Armstrong World Industries, Inc. $AWI

ING Groep NV raised its position in Armstrong World Industries, Inc. (NYSE:AWI) by 150.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 41,800 shares of the construction company’s stock after buying an additional 25,100 shares during the period. ING Groep NV’s holdings in Armstrong World Industries were worth $7,988,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Capital International Investors boosted its position in Armstrong World Industries by 1.0% in the 4th 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of Armstrong World Industries by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock worth $194,027,000 after purchasing an additional 61,647 shares during the last quarter. AQR Capital Management LLC grew its stake 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 during the period. Dimensional Fund Advisors LP grew its stake 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 during the period. Finally, Invesco Ltd. grew its stake 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 during the period. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Up 0.0%

Shares of Armstrong World Industries stock opened at $155.16 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. Armstrong World Industries, Inc. has a 12 month low of $149.06 and a 12 month high of $206.08. The business has a fifty day simple moving average of $165.32 and a 200 day simple moving average of $178.47. The stock has a market cap of $6.62 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business had revenue of $409.90 million during the quarter, compared to analyst estimates of $409.46 million. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Research analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s payout ratio is presently 19.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore set a $200.00 price objective on Armstrong World Industries in a research note on Tuesday, April 28th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. UBS Group decreased their price objective 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. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Finally, Bank of America decreased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Armstrong World Industries has a consensus rating of “Moderate Buy” and an average target price of $211.86.

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.