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

Salvus Wealth Management LLC grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 31.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,141 shares of the construction company’s stock after buying an additional 3,654 shares during the period. Armstrong World Industries accounts for about 1.4% of Salvus Wealth Management LLC’s portfolio, 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.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Armstrong World Industries by 33,007.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after purchasing an additional 471,675 shares during the period. Bessemer Group Inc. raised its holdings in Armstrong World Industries by 28.3% in the 1st quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company’s stock valued at $7,591,000 after acquiring an additional 10,165 shares during the period. Norges Bank acquired a new stake in Armstrong World Industries during the fourth quarter worth approximately $107,716,000. Natixis Advisors LLC grew its position in shares of Armstrong World Industries by 3.7% in the fourth quarter. Natixis Advisors LLC now owns 338,210 shares of the construction company’s stock valued at $64,632,000 after purchasing an additional 12,151 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Armstrong World Industries by 74.0% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 16,700 shares of the construction company’s stock worth $3,191,000 after purchasing an additional 7,100 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AWI. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Bank of America dropped their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. UBS Group reissued a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, Evercore set a $200.00 price objective on Armstrong World Industries in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $213.00.

Armstrong World Industries Trading Down 1.3%

Shares of AWI opened at $183.17 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. Armstrong World Industries, Inc. has a 52-week low of $150.28 and a 52-week high of $206.08. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.80 and a beta of 1.16. The business’s fifty day moving average is $161.35 and its 200-day moving average is $169.50.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $461.67 million. During the same period last year, the firm posted $2.09 earnings per share. Armstrong World Industries’s revenue 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. Equities analysts anticipate that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

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

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