California Public Employees Retirement System Raises Stock Position in Armstrong World Industries, Inc. $AWI

California Public Employees Retirement System increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,245 shares of the construction company’s stock after acquiring an additional 3,239 shares during the period. California Public Employees Retirement System’s holdings in Armstrong World Industries were worth $15,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Armstrong World Industries by 28.3% during the 1st quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company’s stock valued at $7,591,000 after purchasing an additional 10,165 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Armstrong World Industries by 24.2% in the first quarter. Illinois Municipal Retirement Fund now owns 48,269 shares of the construction company’s stock worth $7,955,000 after buying an additional 9,401 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Armstrong World Industries by 2.1% in the first quarter. Principal Financial Group Inc. now owns 209,246 shares of the construction company’s stock worth $34,484,000 after buying an additional 4,403 shares in the last quarter. Arbejdsmarkedets Tillaegspension boosted its stake in Armstrong World Industries by 19.8% during the first quarter. Arbejdsmarkedets Tillaegspension now owns 152,999 shares of the construction company’s stock valued at $25,214,000 after buying an additional 25,259 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in Armstrong World Industries during the first quarter valued at $244,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AWI. Weiss Ratings cut 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 Armstrong World Industries in a report on Tuesday, April 28th. Bank of America dropped their price target on 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. Finally, UBS Group cut their price objective on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average target price of $211.86.

Armstrong World Industries Trading Up 0.8%

NYSE AWI opened at $158.55 on Friday. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $156.52 and a 200-day moving average of $171.07. The firm has a market cap of $6.77 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last posted 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). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. During the same quarter in the previous year, the business earned $1.66 earnings per share. Armstrong World Industries’s 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, sell-side analysts forecast that Armstrong World Industries, Inc. will post 8.31 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced 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. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 5th. Armstrong World Industries’s payout ratio is presently 19.29%.

Armstrong World Industries announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to buy up to 12.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.