19,100 Shares in Armstrong World Industries, Inc. $AWI Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,100 shares of the construction company’s stock, valued at approximately $3,148,000.

Several other hedge funds have also recently bought and sold shares of the business. OP Asset Management Ltd acquired a new stake in shares of Armstrong World Industries in the first quarter worth about $45,000. Assenagon Asset Management S.A. boosted its stake in shares of Armstrong World Industries by 71.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 72,520 shares of the construction company’s stock worth $11,951,000 after acquiring an additional 30,328 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Armstrong World Industries by 31.7% during the 1st quarter. SG Americas Securities LLC now owns 129,686 shares of the construction company’s stock valued at $21,372,000 after acquiring an additional 31,192 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Armstrong World Industries by 188.3% during the 4th quarter. Hsbc Holdings PLC now owns 11,725 shares of the construction company’s stock valued at $2,244,000 after acquiring an additional 7,658 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Armstrong World Industries by 7.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,352 shares of the construction company’s stock valued at $258,000 after acquiring an additional 90 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $161.96 on Monday. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.76 and a beta of 1.17. The business has a 50 day moving average price of $161.53 and a 200 day moving average price of $175.35. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. Armstrong World Industries, Inc. has a twelve month low of $150.28 and a twelve month high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS 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 during the quarter, compared to the consensus estimate of $409.46 million. During the same period in the prior year, the firm earned $1.66 earnings per share. The business’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 predict that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Armstrong World Industries’s dividend payout ratio is presently 19.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AWI shares. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. UBS Group dropped their price target on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Bank of America dropped their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Evercore set a $200.00 price objective on shares of Armstrong World Industries in a report on Tuesday, April 28th. 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.