Armstrong World Industries, Inc. $AWI Position Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,909 shares of the construction company’s stock after selling 5,148 shares during the period. State of Alaska Department of Revenue owned about 0.05% of Armstrong World Industries worth $3,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in shares of Armstrong World Industries during the 1st quarter worth approximately $38,000. Root Financial Partners LLC raised its position in shares of Armstrong World Industries by 84.8% during the 1st quarter. Root Financial Partners LLC now owns 268 shares of the construction company’s stock worth $44,000 after purchasing an additional 123 shares during the last quarter. OP Asset Management Ltd acquired a new position in shares of Armstrong World Industries during the 1st quarter worth approximately $45,000. Global Retirement Partners LLC acquired a new position in shares of Armstrong World Industries during the 2nd quarter worth approximately $64,000. Finally, Versant Capital Management Inc raised its position in shares of Armstrong World Industries by 66.7% during the 3rd quarter. Versant Capital Management Inc now owns 780 shares of the construction company’s stock worth $126,000 after purchasing an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AWI shares. Truist Financial set a $230.00 target price on Armstrong World Industries in a research note on Tuesday, September 8th. Weiss Ratings raised Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Jefferies Financial Group reissued a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, DA Davidson restated a “buy” rating and issued a $215.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $213.25.

Armstrong World Industries Trading Up 0.8%

Shares of AWI stock opened at $167.87 on Friday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.64 and a beta of 1.16. 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 firm has a 50-day moving average price of $169.29 and a 200 day moving average price of $165.55. Armstrong World Industries, Inc. has a twelve month low of $150.28 and a twelve month high of $206.08.

Armstrong World Industries (NYSE:AWI) last released its quarterly 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 company had revenue of $472.00 million for 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 firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Research analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries announced that its Board of Directors has initiated a share buyback program on Tuesday, July 21st that permits the company to buy back $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. Stock buyback programs are generally a sign 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. Investors of record on Wednesday, August 5th were paid a dividend of $0.3390 per share. 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 presently 18.49%.

Armstrong World Industries Profile

Armstrong World Industries, Inc (NYSE: AWI) designs and manufactures ceiling, wall and suspension-system solutions for commercial and institutional buildings. Its products are used to improve acoustics, aesthetics, lighting integration, indoor air quality and overall building performance.

The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; acoustical wall systems; ceiling suspension systems; clouds, canopies and other specialty architectural elements; and related accessories.