Corient Private Wealth LP Makes New Investment in Armstrong World Industries, Inc. $AWI

Corient Private Wealth LP bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,393 shares of the construction company’s stock, valued at approximately $1,828,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after acquiring an additional 57 shares in the last quarter. MQS Management LLC raised its stake in shares of Armstrong World Industries by 4.4% in the 1st quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock valued at $243,000 after acquiring an additional 62 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Armstrong World Industries by 4.3% in the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock valued at $325,000 after acquiring an additional 70 shares in the last quarter. US Bancorp DE lifted its holdings in Armstrong World Industries by 18.4% in the 3rd quarter. US Bancorp DE now owns 509 shares of the construction company’s stock worth $100,000 after purchasing an additional 79 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in Armstrong World Industries by 7.9% in the 4th quarter. IHT Wealth Management LLC now owns 1,167 shares of the construction company’s stock worth $223,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

AWI opened at $171.06 on Friday. The firm has a market capitalization of $7.23 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The stock’s 50 day moving average price is $169.33 and its two-hundred day moving average price is $167.74. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The company had revenue of $472.00 million during the quarter, compared to analyst estimates of $461.67 million. During the same period in the previous year, the company earned $2.09 earnings per share. The company’s quarterly 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 analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were given a dividend of $0.339 per share. The ex-dividend date of this dividend 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 18.63%.

Armstrong World Industries announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 12.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on AWI shares. UBS Group reiterated a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. DA Davidson restated a “buy” rating and issued a $215.00 price objective on shares of Armstrong World Industries in a research note on Tuesday. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Armstrong World Industries has a consensus rating of “Moderate Buy” and an average target price of $213.25.

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.