SurgoCap Partners LP Invests $72.02 Million in Armstrong World Industries, Inc. $AWI

SurgoCap Partners LP bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the fourth quarter, Holdings Channel reports. The fund bought 376,869 shares of the construction company’s stock, valued at approximately $72,020,000. Armstrong World Industries accounts for 2.0% of SurgoCap Partners LP’s investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in Armstrong World Industries during the fourth quarter valued at $84,143,000. American Century Companies Inc. lifted its position in Armstrong World Industries by 66.4% in the 3rd quarter. American Century Companies Inc. now owns 235,018 shares of the construction company’s stock worth $46,066,000 after buying an additional 93,770 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Armstrong World Industries by 22.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,952 shares of the construction company’s stock worth $14,299,000 after buying an additional 13,395 shares in the last quarter. Algert Global LLC lifted its position in Armstrong World Industries by 37.8% in the 3rd quarter. Algert Global LLC now owns 88,662 shares of the construction company’s stock worth $17,379,000 after buying an additional 24,340 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in Armstrong World Industries in the 3rd quarter worth approximately $3,775,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on AWI. Bank of America cut their target price on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. UBS Group dropped their target price 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. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday, April 28th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.86.

Armstrong World Industries Stock Performance

AWI opened at $156.30 on Tuesday. The company has a market cap of $6.67 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The stock has a 50-day moving average of $164.20 and a 200-day moving average of $177.26. Armstrong World Industries, Inc. has a 52-week low of $149.06 and a 52-week high of $206.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) 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 the consensus estimate 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 was up 7.1% compared to the same quarter last year. During the same quarter last 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 research analysts forecast that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

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

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.