Armstrong World Industries, Inc. $AWI Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 110,509 shares of the construction company’s stock after selling 17,079 shares during the quarter. Legal & General Group Plc’s holdings in Armstrong World Industries were worth $21,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Armstrong World Industries by 77.0% during the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after purchasing an additional 57 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Armstrong World Industries by 124.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after purchasing an additional 98 shares during the period. Ameriflex Group Inc. bought a new position in Armstrong World Industries in the 3rd quarter valued at about $35,000. CIBC Private Wealth Group LLC increased its stake in Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after buying an additional 145 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in Armstrong World Industries during the 4th quarter valued at about $39,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Down 0.0%

Shares of NYSE:AWI opened at $157.85 on Monday. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.71 and a beta of 1.17. Armstrong World Industries, Inc. has a 1-year low of $149.06 and a 1-year high of $206.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. The company has a 50 day moving average price of $166.48 and a 200 day moving average price of $179.56.

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). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. During the same period in the prior year, the company posted $1.66 EPS. Armstrong World Industries’s quarterly revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, research analysts anticipate that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s dividend payout ratio is currently 19.29%.

Analyst Ratings Changes

A number of analysts have 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 note on Monday, April 20th. UBS Group lowered their price objective on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Evercore set a $200.00 price target on Armstrong World Industries in a research note on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.86.

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.