Walleye Capital LLC Takes $837,000 Position in Armstrong World Industries, Inc. $AWI

Walleye Capital LLC purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,078 shares of the construction company’s stock, valued at approximately $837,000.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Armstrong World Industries by 18,679.7% during the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after purchasing an additional 1,272,275 shares in the last quarter. Norges Bank bought a new position in shares of Armstrong World Industries in the fourth quarter worth approximately $107,716,000. Northwestern Mutual Wealth Management Co. grew 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 valued at $90,410,000 after buying an additional 471,675 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at approximately $84,143,000. Finally, SurgoCap Partners LP bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at approximately $72,020,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $160.74 on Friday. The company has a 50 day moving average price of $156.63 and a 200-day moving average price of $171.00. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The firm has a market capitalization of $6.86 billion, a PE ratio of 22.80, a P/E/G ratio of 1.72 and a beta of 1.17. 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 released its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.13). The company had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, equities research analysts expect that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries declared that its board has initiated a share buyback program on Tuesday, July 21st that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 12.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Armstrong World Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AWI. Bank of America decreased their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. UBS Group cut their target price on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Evercore set a $200.00 target price on Armstrong World Industries in a report on Tuesday, April 28th. Finally, Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.86.

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.