11,588 Shares in Armstrong World Industries, Inc. $AWI Bought by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 11,588 shares of the construction company’s stock, valued at approximately $1,859,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Armstrong World Industries in the 2nd quarter worth about $827,239,000. Capital International Investors increased its stake in shares of Armstrong World Industries by 1.0% in the 4th quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock worth $443,736,000 after acquiring an additional 23,133 shares in the last quarter. Bank of Montreal Can lifted its position in Armstrong World Industries by 18,679.7% during the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after acquiring an additional 1,272,275 shares during the period. Geode Capital Management LLC lifted its position in Armstrong World Industries by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock valued at $194,027,000 after acquiring an additional 61,647 shares during the period. Finally, AQR Capital Management LLC lifted its position in Armstrong World Industries by 7.8% during the 4th quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock valued at $183,682,000 after acquiring an additional 69,849 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AWI. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and set a $203.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Weiss Ratings cut Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, DA Davidson started coverage on Armstrong World Industries in a research note on Monday. They issued a “buy” rating and a $215.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.25.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $175.29 on Friday. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.71 and a beta of 1.16. The firm’s 50-day moving average is $168.29 and its 200 day moving average is $168.79. Armstrong World Industries, Inc. has a 1 year low of $150.28 and a 1 year high of $206.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.25 by $0.11. The company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. Armstrong World Industries’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Sell-side analysts anticipate 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 share repurchase program on Tuesday, July 21st that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 12.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

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

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.