Armstrong World Industries, Inc. $AWI Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lifted its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 176,857 shares of the construction company’s stock after buying an additional 3,883 shares during the quarter. Armstrong World Industries makes up approximately 1.6% of Rice Hall James & Associates LLC’s holdings, making the stock its 14th biggest holding. Rice Hall James & Associates LLC’s holdings in Armstrong World Industries were worth $29,146,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Armstrong World Industries by 239.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 91,861 shares of the construction company’s stock worth $15,139,000 after acquiring an additional 64,800 shares during the period. Renaissance Technologies LLC raised its stake in shares of Armstrong World Industries by 1.2% in the first quarter. Renaissance Technologies LLC now owns 118,700 shares of the construction company’s stock valued at $19,562,000 after acquiring an additional 1,400 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in Armstrong World Industries by 13.6% in the first quarter. Modern Wealth Management LLC now owns 2,785 shares of the construction company’s stock valued at $462,000 after purchasing an additional 334 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Armstrong World Industries by 3.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 387,256 shares of the construction company’s stock valued at $63,820,000 after purchasing an additional 11,645 shares during the period. Finally, Inceptionr LLC acquired a new position in Armstrong World Industries during the 1st quarter worth $1,157,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Price Performance

AWI stock opened at $160.74 on Friday. The business has a 50 day moving average price of $156.63 and a 200 day moving average price of $171.00. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.74 and a beta of 1.17. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. 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 (NYSE:AWI) last announced its quarterly 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). The business had revenue of $409.90 million during the quarter, compared to analyst estimates of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries announced that its Board of Directors has approved a stock buyback program on Tuesday, July 21st that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 12.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 5th. Armstrong World Industries’s payout ratio is currently 19.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AWI shares. Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. 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. Bank of America lowered their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Evercore set a $200.00 target price on shares of Armstrong World Industries in a research note on Tuesday, April 28th. One 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.