Deutsche Bank AG Acquires New Position in Armstrong World Industries, Inc. $AWI

Deutsche Bank AG acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 220,034 shares of the construction company’s stock, valued at approximately $35,298,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Larson Financial Group LLC boosted its holdings in shares of Armstrong World Industries by 77.0% in the 4th 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 position in Armstrong World Industries during the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. boosted its position in 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 in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Armstrong World Industries by 426.5% during 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 in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Armstrong World Industries during the first quarter valued at $38,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $179.01 on Friday. The business has a 50-day simple moving average of $166.21 and a 200-day simple moving average of $169.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. Armstrong World Industries, Inc. has a one year low of $150.28 and a one year high of $206.08. The company has a market cap of $7.56 billion, a PE ratio of 24.52, a P/E/G ratio of 1.73 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $461.67 million. During the same quarter in the previous year, the firm earned $2.09 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities research analysts forecast that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 12.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were paid a $0.339 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Armstrong World Industries’s payout ratio is currently 18.63%.

Analyst Upgrades and Downgrades

AWI has been the subject of several recent analyst reports. Weiss Ratings lowered 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 price objective on Armstrong World Industries in a report on Tuesday, April 28th. UBS Group restated a “neutral” rating and issued a $203.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $213.00.

About Armstrong World Industries

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.