Vanguard Group Inc. Trims Holdings in Armstrong World Industries, Inc. $AWI

Vanguard Group Inc. trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,441,765 shares of the construction company’s stock after selling 50,149 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Armstrong World Industries worth $848,821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWI. Allspring Global Investments Holdings LLC acquired a new stake in Armstrong World Industries during the fourth quarter worth about $84,143,000. AQR Capital Management LLC grew 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 period. Ameriprise Financial Inc. grew its holdings in Armstrong World Industries by 87.8% in the third quarter. Ameriprise Financial Inc. now owns 365,774 shares of the construction company’s stock valued at $71,695,000 after purchasing an additional 170,983 shares during the period. Balyasny Asset Management L.P. grew its holdings in Armstrong World Industries by 1,782.8% in the second quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock valued at $23,247,000 after purchasing an additional 135,512 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Armstrong World Industries by 173.4% in the third quarter. Two Sigma Investments LP now owns 194,211 shares of the construction company’s stock worth $38,067,000 after acquiring an additional 123,186 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AWI has been the topic of a number of research analyst reports. UBS Group lowered their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Monday, April 20th. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday. Finally, Bank of America reduced their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus price target of $211.86.

Armstrong World Industries Trading Down 1.2%

AWI opened at $168.30 on Friday. Armstrong World Industries, Inc. has a 12 month low of $148.06 and a 12 month high of $206.08. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.00. The business has a fifty day moving average price of $171.55 and a 200 day moving average price of $184.54.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same period in the previous year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Sell-side analysts expect that Armstrong World Industries, Inc. will post 8.32 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be given 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 of this dividend is Monday, May 11th. Armstrong World Industries’s dividend payout ratio is currently 19.29%.

Armstrong World Industries Company 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.