Armstrong World Industries, Inc. $AWI Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 67.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 19,579 shares of the construction company’s stock after acquiring an additional 7,854 shares during the quarter. Hsbc Holdings PLC’s holdings in Armstrong World Industries were worth $3,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AWI. Larson Financial Group LLC boosted its position in shares of Armstrong World Industries by 77.0% in the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after purchasing an additional 57 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armstrong World Industries in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. raised its stake in Armstrong World Industries by 124.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after purchasing an additional 98 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Armstrong World Industries by 426.5% in the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after purchasing an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Armstrong World Industries in the fourth quarter worth $39,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on AWI shares. UBS Group dropped their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Evercore set a $200.00 target price on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Finally, Bank of America lowered their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a report 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 issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Stock Performance

AWI opened at $160.74 on Friday. 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 company has a market cap of $6.86 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The stock has a 50-day moving average of $156.63 and a 200-day moving average of $171.00. Armstrong World Industries, Inc. has a 52-week low of $150.28 and a 52-week high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share 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 company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. During the same period in the previous year, the business 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, equities research analysts forecast that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries declared that its Board of Directors has approved a stock buyback program on Tuesday, July 21st that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 5th. Armstrong World Industries’s 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.