Quantbot Technologies LP Invests $2.86 Million in Armstrong World Industries, Inc. $AWI

Quantbot Technologies LP acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 17,839 shares of the construction company’s stock, valued at approximately $2,862,000.

Several other hedge funds have also recently bought and sold shares of AWI. Larson Financial Group LLC boosted its stake in Armstrong World Industries by 77.0% during the 4th 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. MQS Management LLC grew its position in Armstrong World Industries by 4.4% in the 1st quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock worth $243,000 after purchasing an additional 62 shares during the last quarter. Advisory Services Network LLC grew its position in Armstrong World Industries by 4.3% in the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock worth $325,000 after purchasing an additional 70 shares during the last quarter. Interchange Capital Partners LLC increased its stake in shares of Armstrong World Industries by 6.1% in the fourth quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock valued at $247,000 after purchasing an additional 74 shares during the period. Finally, US Bancorp DE increased its stake in shares of Armstrong World Industries by 18.4% in the third quarter. US Bancorp DE now owns 509 shares of the construction company’s stock valued at $100,000 after purchasing an additional 79 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AWI shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Evercore set a $200.00 target price on Armstrong World Industries in a research note on Tuesday, April 28th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Finally, UBS Group restated a “neutral” rating and set a $203.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and an average price target of $213.00.

Armstrong World Industries Trading Up 0.3%

Shares of Armstrong World Industries stock opened at $179.01 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. The business has a fifty day simple moving average of $166.21 and a 200-day simple moving average of $169.15. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.11. The business had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $461.67 million. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities analysts forecast that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries announced that its Board of Directors has approved a share repurchase plan on Tuesday, July 21st that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were given a $0.339 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s payout ratio is 18.63%.

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.