Norges Bank Buys Shares of 563,661 Armstrong World Industries, Inc. $AWI

Norges Bank bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 563,661 shares of the construction company’s stock, valued at approximately $107,716,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Accurate Wealth Management LLC grew its stake in Armstrong World Industries by 3.5% in the fourth quarter. Accurate Wealth Management LLC now owns 1,490 shares of the construction company’s stock valued at $299,000 after purchasing an additional 51 shares in the last quarter. 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. Interchange Capital Partners LLC boosted its stake in shares of Armstrong World Industries by 6.1% during the 4th quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock worth $247,000 after acquiring an additional 74 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Armstrong World Industries by 9.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 874 shares of the construction company’s stock worth $169,000 after acquiring an additional 77 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Armstrong World Industries by 18.4% during the 3rd quarter. US Bancorp DE now owns 509 shares of the construction company’s stock worth $100,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

AWI opened at $152.81 on Friday. The company has a market cap of $6.52 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. The stock has a 50-day moving average of $165.56 and a 200-day moving average of $178.65. Armstrong World Industries, Inc. has a 52-week low of $149.06 and a 52-week high of $206.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The business had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same period in the prior year, the firm posted $1.66 EPS. Armstrong World Industries’s revenue for the quarter 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. As a group, equities research analysts forecast that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s payout ratio is currently 19.15%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AWI. Evercore set a $200.00 price target on Armstrong World Industries in a research note on Tuesday, April 28th. UBS Group decreased their price target 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. Bank of America decreased their price target on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday, April 20th. One equities 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. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus price target of $211.86.

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.