Assenagon Asset Management S.A. Acquires 30,328 Shares of Armstrong World Industries, Inc. $AWI

Assenagon Asset Management S.A. boosted its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 71.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,520 shares of the construction company’s stock after purchasing an additional 30,328 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Armstrong World Industries were worth $11,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC grew its stake in Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after acquiring an additional 57 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. raised its position in shares of Armstrong World Industries by 124.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after purchasing an additional 98 shares during the period. Ameriflex Group Inc. bought a new position in shares of Armstrong World Industries in the 3rd quarter worth $35,000. Finally, CIBC Private Wealth Group LLC grew its position in Armstrong World Industries by 426.5% in the 3rd 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 during the period. 98.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $161.96 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 firm has a market cap of $6.91 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.76 and a beta of 1.17. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The firm’s 50-day simple moving average is $161.53 and its two-hundred day simple moving average is $175.41.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The firm had revenue of $409.90 million during the quarter, compared to analysts’ expectations of $409.46 million. During the same period in the prior year, the business earned $1.66 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, equities analysts forecast that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were issued a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s dividend payout ratio is 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.