Kestra Private Wealth Services LLC Acquires New Shares in Armstrong World Industries, Inc. $AWI

Kestra Private Wealth Services LLC acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the 4th quarter, Holdings Channel reports. The fund acquired 3,611 shares of the construction company’s stock, valued at approximately $690,000.

Other large investors have also bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Armstrong World Industries in the third quarter valued at about $25,000. Ameriflex Group Inc. acquired a new stake in Armstrong World Industries in the third quarter valued at about $35,000. CIBC Private Wealth Group LLC boosted its stake in shares of Armstrong World Industries by 426.5% during the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after purchasing an additional 145 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Armstrong World Industries during the fourth quarter valued at about $39,000. Finally, Bessemer Group Inc. boosted its stake in shares of Armstrong World Industries by 70.0% during the third 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. 98.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group cut their price objective on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday, April 20th. Bank of America cut 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. Finally, Evercore set a $200.00 price objective on Armstrong World Industries in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Trading Down 2.9%

Shares of AWI stock opened at $163.63 on Tuesday. The company has a market cap of $6.98 billion, a P/E ratio of 23.21, a PEG ratio of 1.83 and a beta of 1.22. The stock has a 50 day simple moving average of $171.55 and a two-hundred day simple moving average of $184.44. 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, Inc. has a fifty-two week low of $148.06 and a fifty-two week high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The business had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. 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 8.32 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be issued a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, May 11th. Armstrong World Industries’s payout ratio is presently 19.15%.

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.