Squarepoint Ops LLC Reduces Stock Holdings in Armstrong World Industries, Inc. $AWI

Squarepoint Ops LLC trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 65.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,065 shares of the construction company’s stock after selling 92,170 shares during the period. Squarepoint Ops LLC owned 0.11% of Armstrong World Industries worth $7,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AWI. Larson Financial Group LLC lifted its position 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 buying an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Armstrong World Industries in the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its stake in Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after acquiring an additional 98 shares during the period. 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 worth $35,000 after purchasing an additional 145 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of Armstrong World Industries in the first quarter worth about $38,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AWI has been the topic of a number of recent research reports. UBS Group restated a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Truist Financial set a $230.00 price objective on shares of Armstrong World Industries in a research note on Tuesday. Jefferies Financial Group reissued a “hold” rating and set a $190.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. DA Davidson restated a “buy” rating and set a $215.00 target price on shares of Armstrong World Industries in a research report on Tuesday, September 1st. Finally, Weiss Ratings raised Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus price target of $213.25.

Armstrong World Industries Stock Performance

Shares of AWI opened at $162.70 on Friday. 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 company has a market cap of $6.88 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The stock has a 50-day moving average price of $170.31 and a 200-day moving average price of $166.72.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data 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 company 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%. Armstrong World Industries’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, equities analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 18.63%.

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

About Armstrong World Industries

Armstrong World Industries, Inc is a manufacturer of ceiling, wall and suspension-system solutions for commercial and residential spaces. The company develops products designed to improve acoustics, aesthetics, lighting integration, indoor environmental quality and installation efficiency.

Its product portfolio includes mineral fiber, fiberglass, metal and wood ceilings; ceiling suspension systems; acoustical wall panels; partitions; and specialty architectural systems. Armstrong’s solutions are used in offices, schools, health care facilities, retail spaces, transportation hubs, hospitality venues and other building environments.

Armstrong World Industries traces its roots to 1860 and is headquartered in Lancaster, Pennsylvania.