127,740 Shares in Armstrong World Industries, Inc. $AWI Purchased by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 127,740 shares of the construction company’s stock, valued at approximately $24,411,000. Armstrong World Industries makes up about 0.6% of Arbejdsmarkedets Tillaegspension’s portfolio, making the stock its 29th largest position.

Several other hedge funds have also bought and sold shares of AWI. Millennium Management LLC boosted its stake in Armstrong World Industries by 571.7% during the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock worth $16,581,000 after acquiring an additional 100,175 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Armstrong World Industries by 142.0% in the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock worth $431,000 after buying an additional 1,796 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Armstrong World Industries by 63.3% in the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock worth $17,636,000 after buying an additional 48,544 shares during the last quarter. Jane Street Group LLC raised its holdings in Armstrong World Industries by 144.2% in the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after buying an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Armstrong World Industries in the second quarter worth about $291,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.4%

AWI opened at $160.20 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $168.86 and a 200-day moving average price of $182.21. Armstrong World Industries, Inc. has a twelve month low of $149.06 and a twelve month high of $206.08. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.71 and a beta of 1.21.

Armstrong World Industries (NYSE:AWI) last released 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 net margin of 18.59% and a return on equity of 36.71%. The company had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. During the same period in the previous year, the firm earned $1.66 earnings per share. The firm’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. Equities research analysts forecast that Armstrong World Industries, Inc. will post 8.32 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on AWI. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. Bank of America decreased their target price on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. Evercore set a $200.00 target price on shares of Armstrong World Industries in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a report on Monday, April 20th. Finally, UBS Group decreased their target price on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. One investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.86.

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.