Northwestern Mutual Wealth Management Co. Buys Shares of 7,742 Armstrong World Industries, Inc. $AWI

Northwestern Mutual Wealth Management Co. bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the 2nd quarter, Holdings Channel reports. The fund bought 7,742 shares of the construction company’s stock, valued at approximately $1,242,000.

Several other institutional investors also recently modified their holdings of AWI. BlackRock Inc. acquired a new position in shares of Armstrong World Industries in the 2nd quarter valued at $827,239,000. Bank of Montreal Can grew its stake in shares of 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 about $107,716,000. SurgoCap Partners LP bought a new stake in Armstrong World Industries in the fourth quarter valued at about $72,020,000. Finally, AQR Capital Management LLC increased its holdings in Armstrong World Industries by 64.1% in the third quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock valued at $173,775,000 after purchasing an additional 348,327 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $179.97 on Wednesday. The company has a market capitalization of $7.61 billion, a PE ratio of 24.65, a PEG ratio of 1.73 and a beta of 1.16. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08. 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 stock’s fifty day simple moving average is $167.09 and its 200 day simple moving average is $169.01.

Armstrong World Industries (NYSE:AWI) last posted its 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. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The firm had revenue of $472.00 million for the quarter, compared to analyst estimates of $461.67 million. During the same period in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, research analysts predict that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

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

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 5th. Armstrong World Industries’s payout ratio is 18.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AWI. DA Davidson began coverage on Armstrong World Industries in a report on Monday. They set a “buy” rating and a $215.00 target price on the stock. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. UBS Group reiterated a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.25.

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.