Armstrong World Industries, Inc. $AWI Shares Sold by UBS Group AG

UBS Group AG lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,971 shares of the construction company’s stock after selling 16,904 shares during the period. UBS Group AG’s holdings in Armstrong World Industries were worth $28,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Alps Advisors Inc. lifted its position in Armstrong World Industries by 1,317.0% in the third quarter. Alps Advisors Inc. now owns 36,418 shares of the construction company’s stock valued at $7,138,000 after acquiring an additional 33,848 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Armstrong World Industries by 10.8% in the third quarter. Public Sector Pension Investment Board now owns 208,870 shares of the construction company’s stock valued at $40,941,000 after acquiring an additional 20,280 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in Armstrong World Industries in the third quarter valued at $1,153,000. Allspring Global Investments Holdings LLC purchased a new stake in Armstrong World Industries in the fourth quarter valued at $84,143,000. Finally, American Century Companies Inc. lifted its position in Armstrong World Industries by 66.4% in the third quarter. American Century Companies Inc. now owns 235,018 shares of the construction company’s stock valued at $46,066,000 after acquiring an additional 93,770 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America reduced their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Monday, April 20th. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. UBS Group reduced their price target on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Evercore set a $200.00 price target on shares of Armstrong World Industries in a research report on Tuesday, April 28th. One 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 stock. Based on data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.

Armstrong World Industries Trading Down 2.0%

NYSE AWI opened at $161.85 on Friday. The stock has a market capitalization of $6.91 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.75 and a beta of 1.21. Armstrong World Industries, Inc. has a 52-week low of $149.06 and a 52-week high of $206.08. The firm has a 50-day moving average price of $170.15 and a 200 day moving average price of $183.71. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56.

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

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be issued a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a 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 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.