Inceptionr LLC Purchases Shares of 7,019 Armstrong World Industries, Inc. $AWI

Inceptionr LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 1st quarter, Holdings Channel.com reports. The fund purchased 7,019 shares of the construction company’s stock, valued at approximately $1,157,000.

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

Wall Street Analyst Weigh In

AWI has been the topic of several recent research reports. UBS Group lowered their price objective 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. Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Evercore set a $200.00 target price on shares of Armstrong World Industries in a research note on Tuesday, April 28th. 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 equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.86.

Armstrong World Industries Price Performance

NYSE:AWI opened at $160.74 on Friday. 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 52 week low of $150.28 and a 52 week high of $206.08. The stock’s 50-day moving average price is $156.63 and its 200-day moving average price is $171.00. The stock has a market capitalization 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.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results 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). The business had revenue of $409.90 million during the quarter, compared to analyst estimates of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

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 outstanding shares. This repurchase authorization authorizes the construction company to buy up to 12.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be paid 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 of this dividend is Wednesday, August 5th. 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.