Corient Private Wealth LLC Raises Stake in Armstrong World Industries, Inc. $AWI

Corient Private Wealth LLC increased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 39.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,946 shares of the construction company’s stock after buying an additional 5,974 shares during the period. Corient Private Wealth LLC’s holdings in Armstrong World Industries were worth $4,004,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted 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 last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $27,000. Cullen Frost Bankers Inc. raised its holdings in shares of Armstrong World Industries by 124.1% in the 4th 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 stake in shares of Armstrong World Industries in the 3rd quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC raised its holdings 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 worth $35,000 after purchasing an additional 145 shares during the period. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 0.3%

Shares of NYSE:AWI opened at $161.96 on Friday. The stock’s 50-day moving average price is $161.53 and its 200-day moving average price is $175.41. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08. The stock has a market capitalization of $6.91 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.75 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 earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, equities analysts anticipate that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.339 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s payout ratio is presently 19.29%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group reduced 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. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday, April 28th. Finally, Bank of America cut their price target 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 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.

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.