Armstrong World Industries, Inc. $AWI Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lowered its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 91.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,321 shares of the construction company’s stock after selling 214,312 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Armstrong World Industries were worth $3,983,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AWI. Swiss National Bank increased its position in shares of Armstrong World Industries by 1.4% during the 3rd quarter. Swiss National Bank now owns 84,200 shares of the construction company’s stock worth $16,504,000 after purchasing an additional 1,200 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Armstrong World Industries by 109.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 16,641 shares of the construction company’s stock valued at $3,262,000 after buying an additional 8,693 shares during the period. Jefferies Financial Group Inc. acquired a new position in Armstrong World Industries in the third quarter valued at about $223,000. CreativeOne Wealth LLC purchased a new position in Armstrong World Industries during the third quarter worth about $523,000. Finally, Ameriflex Group Inc. purchased a new position in Armstrong World Industries during the third quarter worth about $35,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Armstrong World Industries Stock Up 0.2%

Armstrong World Industries stock opened at $166.83 on Wednesday. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The stock’s fifty day simple moving average is $188.91 and its 200-day simple moving average is $191.13. The company has a current ratio of 1.46, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.15 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.84 and a beta of 1.33.

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

Armstrong World Industries Dividend Announcement

The firm also recently announced 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 of this dividend 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.