Chesapeake Capital Corp IL Purchases New Stake in Armstrong World Industries, Inc. $AWI

Chesapeake Capital Corp IL acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,736 shares of the construction company’s stock, valued at approximately $732,000.

Several other large investors have also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in Armstrong World Industries in the third quarter valued at $25,000. Ameriflex Group Inc. acquired a new position in shares of Armstrong World Industries during the 3rd quarter worth $35,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Armstrong World Industries during the 2nd quarter worth $32,000. Bessemer Group Inc. increased its holdings in shares of Armstrong World Industries by 70.0% in the 3rd quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after purchasing an additional 91 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Armstrong World Industries by 4,860.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.5%

AWI opened at $167.40 on Friday. The business’s fifty day moving average is $187.33 and its two-hundred day moving average is $190.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.46. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.82 and a beta of 1.33. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $206.08.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.06). Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. The firm had revenue of $388.30 million during the quarter, compared to analyst estimates of $400.87 million. During the same period last year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, March 5th. Armstrong World Industries’s dividend payout ratio is presently 19.21%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average target price of $211.43.

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.