Armstrong World Industries, Inc. $AWI Stock Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 37.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,633 shares of the construction company’s stock after purchasing an additional 11,059 shares during the period. Nisa Investment Advisors LLC’s holdings in Armstrong World Industries were worth $7,964,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Alliance LLC increased its holdings in shares of Armstrong World Industries by 2.5% in the second quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock valued at $380,000 after buying an additional 56 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Blue Trust Inc. now owns 1,548 shares of the construction company’s stock worth $303,000 after acquiring an additional 63 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Armstrong World Industries by 0.6% in the 2nd quarter. Yousif Capital Management LLC now owns 16,398 shares of the construction company’s stock worth $2,664,000 after acquiring an additional 100 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Armstrong World Industries by 28.9% during the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after purchasing an additional 103 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Armstrong World Industries by 3.6% during the second quarter. State of Wyoming now owns 3,194 shares of the construction company’s stock valued at $519,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AWI shares. JPMorgan Chase & Co. lifted their price target on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Vertical Research assumed coverage on shares of Armstrong World Industries in a research note on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective for the company. Finally, Bank of America boosted their target price on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Stock Performance

Shares of AWI opened at $200.55 on Friday. The company has a market capitalization of $8.65 billion, a PE ratio of 28.69, a PEG ratio of 1.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.04 and a current ratio of 1.52. The company’s 50 day moving average price is $188.38 and its 200 day moving average price is $187.96. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. The company had revenue of $325.00 million during the quarter. Armstrong World Industries has set its FY 2025 guidance at 7.450-7.550 EPS. Research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, November 6th. Armstrong World Industries’s dividend payout ratio is presently 19.46%.

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.