State of Wyoming Makes New $619,000 Investment in Armstrong World Industries, Inc. $AWI

State of Wyoming acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,860 shares of the construction company’s stock, valued at approximately $619,000.

A number of other large investors have also made changes to their positions in AWI. Larson Financial Group LLC grew its position in Armstrong World Industries by 77.0% during 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 in the last quarter. MQS Management LLC raised its holdings in Armstrong World Industries by 4.4% in the 1st quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock valued at $243,000 after acquiring an additional 62 shares in the last quarter. Advisory Services Network LLC raised its holdings in Armstrong World Industries by 4.3% in the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock valued at $325,000 after acquiring an additional 70 shares in the last quarter. Interchange Capital Partners LLC lifted its position in shares of Armstrong World Industries by 6.1% in the 4th quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock worth $247,000 after acquiring an additional 74 shares during the period. Finally, US Bancorp DE lifted its position in shares of Armstrong World Industries by 18.4% in the 3rd quarter. US Bancorp DE now owns 509 shares of the construction company’s stock worth $100,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AWI shares. UBS Group reissued a “neutral” rating and set a $203.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Evercore set a $200.00 target price on Armstrong World Industries in a research note on Tuesday, April 28th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Bank of America decreased 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 research note on Monday, April 20th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $213.00.

Armstrong World Industries Stock Down 0.1%

Shares of AWI opened at $182.04 on Monday. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.77 and a beta of 1.16. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08. The company has a 50-day moving average price of $163.75 and a two-hundred day moving average price of $169.37.

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

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be paid a $0.339 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 0.7%. Armstrong World Industries’s payout ratio is currently 18.63%.

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

Armstrong World Industries Company 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.