Principal Financial Group Inc. Buys 4,403 Shares of Armstrong World Industries, Inc. $AWI

Principal Financial Group Inc. raised its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,246 shares of the construction company’s stock after buying an additional 4,403 shares during the period. Principal Financial Group Inc.’s holdings in Armstrong World Industries were worth $34,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Arbejdsmarkedets Tillaegspension boosted its holdings in shares of Armstrong World Industries by 19.8% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 152,999 shares of the construction company’s stock valued at $25,214,000 after purchasing an additional 25,259 shares during the period. Y.D. More Investments Ltd bought a new position in Armstrong World Industries in the first quarter worth approximately $244,000. Citizens Financial Group Inc. RI purchased a new position in Armstrong World Industries during the 1st quarter worth $231,000. Fifth Third Bancorp raised its position in Armstrong World Industries by 2,198.0% during the 1st quarter. Fifth Third Bancorp now owns 21,348 shares of the construction company’s stock valued at $3,518,000 after purchasing an additional 20,419 shares in the last quarter. Finally, Simplicity Wealth LLC raised its position in Armstrong World Industries by 21.0% during the 1st quarter. Simplicity Wealth LLC now owns 1,723 shares of the construction company’s stock valued at $284,000 after purchasing an additional 299 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded 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 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. UBS Group lowered their price objective on shares of 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, Evercore set a $200.00 target price on shares of Armstrong World Industries in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.

Armstrong World Industries Price Performance

NYSE AWI opened at $156.01 on Friday. The firm’s fifty day simple moving average is $156.87 and its two-hundred day simple moving average is $172.28. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08. The firm has a market capitalization of $6.66 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.69 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last announced its 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). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same period in the prior year, the company earned $1.66 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Analysts forecast that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.339 per share. The ex-dividend date was Monday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. 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.