Bank of Nova Scotia Raises Position in Armstrong World Industries, Inc. $AWI

Bank of Nova Scotia lifted its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 12.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,700 shares of the construction company’s stock after purchasing an additional 5,655 shares during the quarter. Bank of Nova Scotia owned about 0.12% of Armstrong World Industries worth $8,355,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Accurate Wealth Management LLC lifted its position in Armstrong World Industries by 3.5% during the 4th quarter. Accurate Wealth Management LLC now owns 1,490 shares of the construction company’s stock worth $299,000 after acquiring an additional 51 shares during the period. Larson Financial Group LLC boosted its stake in shares of Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after buying an additional 57 shares during the last quarter. MQS Management LLC grew its holdings in Armstrong World Industries by 4.4% during the first quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock worth $243,000 after acquiring an additional 62 shares during the period. Advisory Services Network LLC raised its position in Armstrong World Industries by 4.3% during the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock valued at $325,000 after acquiring an additional 70 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its position in Armstrong World Industries by 6.1% during the fourth quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock valued at $247,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

NYSE AWI opened at $160.74 on Monday. The company has a market cap of $6.86 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. The stock’s 50 day simple moving average is $156.63 and its 200-day simple moving average is $170.79. Armstrong World Industries, Inc. has a 1-year low of $150.28 and a 1-year high of $206.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The firm had revenue of $409.90 million during the quarter, compared to analyst estimates of $409.46 million. During the same period in the prior year, the firm earned $1.66 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, equities research analysts anticipate that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be given a dividend of $0.339 per share. The ex-dividend date is Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Armstrong World Industries’s payout ratio is presently 19.29%.

Armstrong World Industries declared that its Board of Directors has authorized a stock buyback program on Tuesday, July 21st that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes 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 stock is undervalued.

Analyst Upgrades and Downgrades

AWI has been the topic of several recent research reports. Bank of America lowered their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday, April 28th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Finally, UBS Group lowered their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus price target of $211.86.

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.