NFJ Investment Group LLC Invests $2.07 Million in Armstrong World Industries, Inc. $AWI

NFJ Investment Group LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,928 shares of the construction company’s stock, valued at approximately $2,074,000.

A number of other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Armstrong World Industries during the second quarter valued at approximately $827,239,000. Bank of Montreal Can boosted its holdings 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 in the last quarter. Norges Bank acquired a new stake in shares of Armstrong World Industries in the 4th quarter valued at $107,716,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Armstrong World Industries by 33,007.3% in the 4th 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 last quarter. Finally, SurgoCap Partners LP bought a new position in shares of Armstrong World Industries in the 4th quarter valued at $72,020,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Trading Up 0.5%

Shares of AWI stock opened at $179.01 on Friday. The firm has a market capitalization of $7.56 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.73 and a beta of 1.16. Armstrong World Industries, Inc. has a twelve month low of $150.28 and a twelve month 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. The stock’s fifty day simple moving average is $166.21 and its 200 day simple moving average is $169.27.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, sell-side analysts predict 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 repurchase program on Tuesday, July 21st that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 12.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Armstrong World Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings downgraded 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 target price on shares of Armstrong World Industries in a report on Tuesday, April 28th. UBS Group reaffirmed a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $190.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.00.

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.