Salvus Wealth Management LLC Buys 3,654 Shares of Armstrong World Industries, Inc. $AWI

Salvus Wealth Management LLC raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 31.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,141 shares of the construction company’s stock after buying an additional 3,654 shares during the quarter. Armstrong World Industries accounts for approximately 1.4% of Salvus Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Salvus Wealth Management LLC’s holdings in Armstrong World Industries were worth $2,429,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Capital International Investors increased its stake in shares of Armstrong World Industries by 1.0% in 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 during the period. Bank of Montreal Can boosted its stake in shares of Armstrong World Industries by 18,679.7% in the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after purchasing an additional 1,272,275 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Armstrong World Industries by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock worth $194,027,000 after buying an additional 61,647 shares during the period. AQR Capital Management LLC lifted its holdings in 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 valued at $183,682,000 after buying an additional 69,849 shares during the period. Finally, Invesco Ltd. lifted its holdings in Armstrong World Industries by 6.4% in the fourth quarter. Invesco Ltd. now owns 807,605 shares of the construction company’s stock valued at $154,333,000 after buying an additional 48,925 shares during the period. 98.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AWI. Bank of America dropped their price objective 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 cut 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 target on shares of Armstrong World Industries in a report on Tuesday, April 28th. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, UBS Group reaffirmed 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 research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $213.00.

Armstrong World Industries Price Performance

Shares of AWI opened at $183.17 on Tuesday. 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, Inc. has a twelve month low of $150.28 and a twelve month high of $206.08. The stock has a market capitalization of $7.74 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.80 and a beta of 1.16. The company has a 50 day moving average of $161.35 and a 200-day moving average of $169.50.

Armstrong World Industries (NYSE:AWI) last released 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 net margin of 18.60% and a return on equity of 37.35%. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $461.67 million. During the same quarter last year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, equities research analysts forecast that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be given a $0.339 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. Armstrong World Industries’s payout ratio is currently 18.63%.

Armstrong World Industries declared that its board has authorized a stock buyback program on Tuesday, July 21st that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.