Elo Mutual Pension Insurance Co Takes $1.99 Million Position in Armstrong World Industries, Inc. $AWI

Elo Mutual Pension Insurance Co purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,147 shares of the construction company’s stock, valued at approximately $1,989,000.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Armstrong World Industries by 66.4% during the 3rd quarter. American Century Companies Inc. now owns 235,018 shares of the construction company’s stock valued at $46,066,000 after purchasing an additional 93,770 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Armstrong World Industries by 2.4% during the third quarter. Quantbot Technologies LP now owns 29,784 shares of the construction company’s stock valued at $5,838,000 after buying an additional 703 shares during the last quarter. Choreo LLC increased its position in shares of Armstrong World Industries by 9.4% during the third quarter. Choreo LLC now owns 4,643 shares of the construction company’s stock valued at $910,000 after acquiring an additional 398 shares in the last quarter. Interchange Capital Partners LLC bought a new stake in shares of Armstrong World Industries during the third quarter valued at approximately $239,000. Finally, US Bancorp DE raised its holdings in Armstrong World Industries by 18.4% in the 3rd quarter. US Bancorp DE now owns 509 shares of the construction company’s stock worth $100,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AWI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.43.

Armstrong World Industries Price Performance

NYSE AWI opened at $170.15 on Thursday. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.88 and a beta of 1.33. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $206.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.00. The business’s fifty day moving average price is $190.80 and its 200-day moving average price is $191.89.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.06). Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The firm had revenue of $388.30 million during the quarter, compared to the consensus estimate of $400.87 million. During the same period in the previous year, the firm earned $1.50 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.339 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is presently 19.21%.

About Armstrong World Industries

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.