Illinois Municipal Retirement Fund Grows Stock Holdings in Armstrong World Industries, Inc. $AWI

Illinois Municipal Retirement Fund lifted its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,269 shares of the construction company’s stock after purchasing an additional 9,401 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Armstrong World Industries were worth $7,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital International Investors increased its position in Armstrong World Industries by 1.0% during the 4th quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock valued at $443,736,000 after buying an additional 23,133 shares in the last quarter. Bank of Montreal Can boosted its holdings in Armstrong World Industries by 18,679.7% in the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock worth $244,433,000 after acquiring an additional 1,272,275 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Armstrong World Industries by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock worth $194,027,000 after acquiring an additional 61,647 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Armstrong World Industries by 7.8% in the fourth quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock worth $183,682,000 after acquiring an additional 69,849 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Armstrong World Industries by 6.4% in the fourth quarter. Invesco Ltd. now owns 807,605 shares of the construction company’s stock worth $154,333,000 after acquiring an additional 48,925 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 2.9%

Armstrong World Industries stock opened at $156.01 on Friday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.74 and a beta of 1.17. The stock has a fifty day simple moving average of $156.87 and a two-hundred day simple moving average of $172.28. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results 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 business had revenue of $409.90 million during the quarter, compared to analysts’ expectations of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.339 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. Armstrong World Industries’s payout ratio is 19.15%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AWI. Bank of America reduced their price target on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings downgraded shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, April 28th. 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.com, the company 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.