Junto Capital Management LP Sells 79,605 Shares of Armstrong World Industries, Inc. $AWI

Junto Capital Management LP trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 31.8% during the second quarter, Holdings Channel.com reports. The firm owned 170,833 shares of the construction company’s stock after selling 79,605 shares during the period. Junto Capital Management LP’s holdings in Armstrong World Industries were worth $27,405,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AWI. Nykredit A S acquired a new stake in Armstrong World Industries in the 2nd quarter valued at $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Armstrong World Industries during the 2nd quarter valued at $3,000,000. California State Teachers Retirement System raised its holdings in Armstrong World Industries by 16,662.2% during the second quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock worth $1,383,645,000 after buying an additional 8,573,686 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in Armstrong World Industries during the second quarter worth $209,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Armstrong World Industries in the second quarter valued at $1,715,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $167.28 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $170.22 and its two-hundred day simple moving average is $166.98. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The stock has a market cap of $7.07 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17.

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

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

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were issued a dividend of $0.339 per share. 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%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AWI. 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. Jefferies Financial Group restated a “hold” rating and issued a $190.00 target price on shares of Armstrong World Industries in a 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 research report on Tuesday, August 25th. UBS Group reiterated a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Truist Financial set a $230.00 price objective on Armstrong World Industries in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.25.

Armstrong World Industries Company 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.