Armstrong World Industries, Inc. $AWI Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 315.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,742 shares of the construction company’s stock after purchasing an additional 5,880 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Armstrong World Industries were worth $1,242,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its stake in shares of Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after purchasing an additional 57 shares during the period. MQS Management LLC increased its stake in Armstrong World Industries by 4.4% in the first quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock valued at $243,000 after purchasing an additional 62 shares during the last quarter. Advisory Services Network LLC increased its stake in Armstrong World Industries by 4.3% in the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock valued at $325,000 after purchasing an additional 70 shares during the last quarter. US Bancorp DE lifted its position in Armstrong World Industries by 18.4% during the third quarter. US Bancorp DE now owns 509 shares of the construction company’s stock worth $100,000 after buying an additional 79 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Armstrong World Industries by 7.9% in the 4th quarter. IHT Wealth Management LLC now owns 1,167 shares of the construction company’s stock worth $223,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AWI shares. DA Davidson restated a “buy” rating and issued a $215.00 price target on shares of Armstrong World Industries in a report on Tuesday, September 1st. Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. UBS Group restated a “neutral” rating and set a $203.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $213.25.

Armstrong World Industries Trading Up 1.4%

NYSE AWI opened at $173.27 on Friday. Armstrong World Industries, Inc. has a one year low of $150.28 and a one year high of $206.08. The company’s 50 day moving average price is $169.56 and its 200 day moving average price is $167.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.69 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The company had revenue of $472.00 million during the quarter, compared to the consensus estimate of $461.67 million. During the same period in the previous year, the firm earned $2.09 earnings per share. Armstrong World Industries’s revenue for the quarter was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, sell-side analysts predict that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were issued a $0.339 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 5th. Armstrong World Industries’s dividend payout ratio is currently 18.63%.

Armstrong World Industries announced that its board has initiated a share repurchase plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 12.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.