Public Employees Retirement System of Ohio Purchases New Holdings in Armstrong World Industries, Inc. $AWI

Public Employees Retirement System of Ohio acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,440 shares of the construction company’s stock, valued at approximately $2,156,000.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew 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 buying an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Armstrong World Industries during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. boosted its holdings in Armstrong World Industries by 124.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after acquiring an additional 98 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after acquiring an additional 145 shares during the period. Finally, Western Wealth Management LLC bought a new position in Armstrong World Industries in the 1st quarter valued at $38,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 0.0%

Shares of NYSE:AWI opened at $173.27 on Monday. The business’s 50 day moving average is $169.56 and its 200 day moving average is $167.55. The stock has a market cap of $7.32 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. Armstrong World Industries, Inc. has a 52-week low of $150.28 and a 52-week high of $206.08. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.

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

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

Armstrong World Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a $190.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. UBS Group reaffirmed a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, DA Davidson reiterated a “buy” rating and set a $215.00 price objective on shares of Armstrong World Industries in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.25.

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.