William Blair Investment Management LLC Sells 8,086 Shares of Armstrong World Industries, Inc. $AWI

William Blair Investment Management LLC trimmed its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 5.7% during the third quarter, Holdings Channel reports. The institutional investor owned 134,053 shares of the construction company’s stock after selling 8,086 shares during the quarter. William Blair Investment Management LLC’s holdings in Armstrong World Industries were worth $26,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AWI. Root Financial Partners LLC bought a new position in Armstrong World Industries in the 3rd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Armstrong World Industries in the second quarter worth approximately $32,000. Bessemer Group Inc. raised its stake in shares of Armstrong World Industries by 70.0% in the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock worth $44,000 after purchasing an additional 91 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Armstrong World Industries by 4,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Armstrong World Industries during the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Armstrong World Industries Stock Down 0.9%

Shares of NYSE:AWI opened at $171.90 on Tuesday. The company has a market capitalization of $7.36 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.92 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 company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.00. The business has a fifty day moving average price of $191.63 and a two-hundred day moving average price of $192.21.

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). Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. The company had revenue of $388.30 million for the quarter, compared to the consensus estimate of $400.87 million. During the same quarter in the previous year, the company posted $1.50 EPS. Armstrong World Industries’s quarterly revenue was up 5.6% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts forecast 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 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 presently 19.21%.

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.