Commerce Bank Makes New $645,000 Investment in Armstrong World Industries, Inc. $AWI

Commerce Bank purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,023 shares of the construction company’s stock, valued at approximately $645,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Armstrong World Industries in the 2nd quarter valued at about $827,239,000. Bank of Montreal Can increased its position in Armstrong World Industries by 18,679.7% during the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock worth $244,433,000 after buying an additional 1,272,275 shares during the last quarter. Norges Bank acquired a new position in Armstrong World Industries during the fourth quarter worth approximately $107,716,000. Northwestern Mutual Wealth Management Co. raised its stake in Armstrong World Industries by 33,007.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after buying an additional 471,675 shares during the period. Finally, SurgoCap Partners LP bought a new stake in Armstrong World Industries in the fourth quarter valued at approximately $72,020,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $178.25 on Thursday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.75 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. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08. The stock’s 50 day moving average is $167.58 and its 200-day moving average is $168.90.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities research analysts expect that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

Armstrong World Industries announced that its Board of Directors has initiated a share buyback plan on Tuesday, July 21st that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.339 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

AWI has been the subject of several research analyst reports. DA Davidson initiated coverage on Armstrong World Industries in a research note on Monday. They set a “buy” rating and a $215.00 target price for the company. UBS Group restated a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. 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. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.25.

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.