Y Intercept Hong Kong Ltd Has $2.89 Million Stake in Armstrong World Industries, Inc. $AWI

Y Intercept Hong Kong Ltd raised its position in Armstrong World Industries, Inc. (NYSE:AWI) by 534.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,542 shares of the construction company’s stock after acquiring an additional 14,775 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Armstrong World Industries were worth $2,891,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its holdings 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 purchasing an additional 1,272,275 shares during the period. Norges Bank bought a new stake in Armstrong World Industries in the fourth quarter valued at approximately $107,716,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $84,143,000. Finally, SurgoCap Partners LP bought a new position in shares of Armstrong World Industries during the 4th quarter worth approximately $72,020,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Trading Down 2.6%

Shares of NYSE:AWI opened at $155.47 on Wednesday. The business’s 50 day simple moving average is $158.82 and its 200 day simple moving average is $174.06. 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. The company has a market capitalization of $6.64 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.73 and a beta of 1.17.

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

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, May 11th. Armstrong World Industries’s dividend payout ratio is presently 19.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America decreased their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Finally, UBS Group dropped their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $211.86.

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.