Hsbc Holdings PLC Purchases 7,658 Shares of Armstrong World Industries, Inc. $AWI

Hsbc Holdings PLC lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 188.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,725 shares of the construction company’s stock after purchasing an additional 7,658 shares during the quarter. Hsbc Holdings PLC’s holdings in Armstrong World Industries were worth $2,244,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC lifted its holdings 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 buying an additional 57 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in Armstrong World Industries during the 4th quarter worth about $27,000. Cullen Frost Bankers Inc. grew its holdings in Armstrong World Industries by 124.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after acquiring 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 about $35,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of 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. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Down 1.9%

AWI opened at $159.15 on Tuesday. The company has a fifty day moving average price of $161.24 and a two-hundred day moving average price of $175.19. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The company has a market cap of $6.79 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17. 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 (NYSE:AWI) last released its quarterly earnings data 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). 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%.Armstrong World Industries’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.