Livforsakringsbolaget Skandia Omsesidigt Raises Stake in Armstrong World Industries, Inc. $AWI

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 16.0% in the fourth quarter, Holdings Channel reports. The firm owned 32,700 shares of the construction company’s stock after acquiring an additional 4,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Armstrong World Industries were worth $6,249,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Armstrong World Industries by 77.0% during the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after purchasing an additional 57 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Armstrong World Industries during the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. boosted its stake in shares of Armstrong World Industries by 124.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after purchasing an additional 98 shares during the period. 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 during the period. Finally, Ameriflex Group Inc. purchased a new stake in shares of Armstrong World Industries during the third quarter valued at $35,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Evercore set a $200.00 target price on shares of Armstrong World Industries in a research note on Tuesday, April 28th. Bank of America lowered 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 research note on Monday, April 20th. UBS Group decreased their price objective on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.

Armstrong World Industries Stock Performance

AWI stock opened at $152.81 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The business has a 50-day moving average price of $165.56 and a 200 day moving average price of $178.65. The company has a market capitalization of $6.52 billion, a P/E ratio of 21.68, a PEG ratio of 1.66 and a beta of 1.17. Armstrong World Industries, Inc. has a 1-year low of $149.06 and a 1-year high of $206.08.

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). The firm had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 earnings per share. 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 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were issued a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was 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.