Principal Financial Group Inc. Boosts Stake in Armstrong World Industries, Inc. $AWI

Principal Financial Group Inc. boosted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,246 shares of the construction company’s stock after buying an additional 4,403 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of Armstrong World Industries worth $34,484,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AWI. Allspring Global Investments Holdings LLC bought a new stake in Armstrong World Industries in the fourth quarter worth $84,143,000. SG Americas Securities LLC bought a new position in Armstrong World Industries during the fourth quarter valued at $18,822,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Armstrong World Industries by 33,007.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock worth $90,410,000 after buying an additional 471,675 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Armstrong World Industries by 22.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,952 shares of the construction company’s stock worth $14,299,000 after buying an additional 13,395 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $107,716,000. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AWI. Evercore set a $200.00 price target on shares of Armstrong World Industries in a report on Tuesday, April 28th. Bank of America reduced their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, UBS Group lowered their price objective on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $156.01 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The firm has a market capitalization of $6.66 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The company’s 50-day moving average is $156.87 and its 200 day moving average is $172.28.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. During the same quarter last year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Research analysts forecast that Armstrong World Industries, Inc. will post 8.31 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm 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. This represents a $1.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s dividend payout ratio is 19.29%.

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.