The Manufacturers Life Insurance Company Purchases Shares of 12,637 Armstrong World Industries, Inc. $AWI

The Manufacturers Life Insurance Company purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,637 shares of the construction company’s stock, valued at approximately $2,027,000.

A number of other hedge funds have also recently made changes to their positions in AWI. Larson Financial Group LLC grew its holdings in shares of Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Armstrong World Industries in the fourth quarter worth $27,000. Cullen Frost Bankers Inc. lifted its stake in Armstrong World Industries by 124.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after purchasing an additional 98 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Armstrong World Industries by 426.5% during the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after buying an additional 145 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in Armstrong World Industries during the first quarter valued at about $38,000. 98.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on AWI shares. Weiss Ratings downgraded Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. UBS Group restated a “neutral” rating and set a $203.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $215.00 price target on shares of Armstrong World Industries in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.25.

Armstrong World Industries Trading Up 0.3%

Shares of AWI opened at $169.42 on Thursday. The stock has a market capitalization of $7.16 billion, a P/E ratio of 23.21, a PEG ratio of 1.64 and a beta of 1.17. Armstrong World Industries, Inc. has a twelve month low of $150.28 and a twelve month high of $206.08. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $169.14 and a two-hundred day simple moving average of $167.94.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. The firm had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, research analysts anticipate that Armstrong World Industries, Inc. will post 8.39 EPS for the current year.

Armstrong World Industries Announces Dividend

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

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

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.