Capital International Sarl Lowers Holdings in Armstrong World Industries, Inc. $AWI

Capital International Sarl decreased its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 49.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,531 shares of the construction company’s stock after selling 7,326 shares during the period. Capital International Sarl’s holdings in Armstrong World Industries were worth $1,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AWI. Norges Bank purchased a new position in Armstrong World Industries in the 2nd quarter worth approximately $84,412,000. Adage Capital Partners GP L.L.C. grew its holdings in Armstrong World Industries by 121.3% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after buying an additional 404,000 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Armstrong World Industries by 118.6% during the second quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company’s stock valued at $88,206,000 after buying an additional 294,646 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of 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 worth $23,247,000 after buying an additional 135,512 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Armstrong World Industries by 571.7% in the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock worth $16,581,000 after buying an additional 100,175 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 0.2%

Shares of AWI stock opened at $166.83 on Wednesday. The company has a market cap of $7.15 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.33. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $206.08. The stock’s 50 day simple moving average is $188.91 and its two-hundred day simple moving average is $191.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.00.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.06). The firm had revenue of $388.30 million during the quarter, compared to the consensus estimate of $400.87 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.Armstrong World Industries’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be paid a $0.339 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s dividend payout ratio is 19.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.43.

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.