Fox Run Management L.L.C. Cuts Stock Position in Armstrong World Industries, Inc. $AWI

Fox Run Management L.L.C. trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 81.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,567 shares of the construction company’s stock after selling 6,966 shares during the period. Fox Run Management L.L.C.’s holdings in Armstrong World Industries were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AWI. Norges Bank bought a new position in shares of Armstrong World Industries during 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% in the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock worth $119,718,000 after purchasing an additional 404,000 shares during the last quarter. AQR Capital Management LLC increased 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 worth $88,206,000 after purchasing an additional 294,646 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Armstrong World Industries by 1,782.8% during the second quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock worth $23,247,000 after purchasing 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% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after purchasing an additional 100,175 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AWI. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and an average target price of $211.43.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $171.90 on Tuesday. The business has a fifty day moving average of $191.63 and a 200 day moving average of $192.21. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $206.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.00. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.33.

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

Armstrong World Industries Dividend Announcement

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

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.