Jupiter Topco LLC Invests $3.18 Million in Armstrong World Industries, Inc. $AWI

Jupiter Topco LLC acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,800 shares of the construction company’s stock, valued at approximately $3,177,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new position in shares of Armstrong World Industries during the 2nd quarter worth approximately $4,700,000. Bank of America Corp DE grew its position in shares of Armstrong World Industries by 5.2% during the 1st quarter. Bank of America Corp DE now owns 457,619 shares of the construction company’s stock worth $75,416,000 after buying an additional 22,477 shares during the period. Danske Bank A S bought a new stake in shares of Armstrong World Industries in the 2nd quarter valued at $531,000. Assenagon Asset Management S.A. lifted its position in shares of Armstrong World Industries by 88.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company’s stock valued at $21,913,000 after acquiring an additional 64,077 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Armstrong World Industries by 28.3% during 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. Institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

AWI has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating and set a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. DA Davidson reiterated a “buy” rating and set a $215.00 price objective on shares of Armstrong World Industries in a report on Tuesday. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus price target of $213.25.

Armstrong World Industries Stock Performance

AWI opened at $169.42 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 company’s fifty day moving average price is $169.14 and its two-hundred day moving average price is $167.94. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.64 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company earned $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, analysts expect that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Armstrong World Industries announced that its Board of Directors has approved a share repurchase program on Tuesday, July 21st that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 12.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board 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.