Geode Capital Management LLC Has $194.03 Million Position in Armstrong World Industries, Inc. $AWI

Geode Capital Management LLC lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,015,154 shares of the construction company’s stock after purchasing an additional 61,647 shares during the quarter. Geode Capital Management LLC’s holdings in Armstrong World Industries were worth $194,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in shares of Armstrong World Industries by 64.1% during the 3rd quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock valued at $173,775,000 after purchasing an additional 348,327 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Armstrong World Industries by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 860,799 shares of the construction company’s stock valued at $168,716,000 after purchasing an additional 2,799 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Armstrong World Industries by 11.2% during the 3rd quarter. Invesco Ltd. now owns 758,680 shares of the construction company’s stock valued at $148,709,000 after purchasing an additional 76,235 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Armstrong World Industries by 1.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 502,736 shares of the construction company’s stock valued at $98,541,000 after purchasing an additional 9,139 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Armstrong World Industries by 33,007.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock worth $90,410,000 after buying an additional 471,675 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on AWI. Bank of America dropped their price target 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. Evercore set a $200.00 price target on Armstrong World Industries in a research note on Tuesday, April 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. UBS Group dropped their price target 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Stock Up 0.4%

Shares of AWI opened at $153.40 on Thursday. Armstrong World Industries, Inc. has a 52 week low of $149.06 and a 52 week high of $206.08. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. The stock has a fifty day moving average of $165.82 and a 200-day moving average of $178.86.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 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 firm had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. During the same quarter in the previous year, the company 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. As a group, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were issued a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, May 11th. Armstrong World Industries’s dividend payout ratio is presently 19.29%.

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.