Assenagon Asset Management S.A. Sells 99,908 Shares of Armstrong World Industries, Inc. $AWI

Assenagon Asset Management S.A. cut its position in Armstrong World Industries, Inc. (NYSE:AWI) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,192 shares of the construction company’s stock after selling 99,908 shares during the period. Assenagon Asset Management S.A. owned about 0.10% of Armstrong World Industries worth $8,063,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Armstrong World Industries during the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Armstrong World Industries in the second quarter valued at about $32,000. Ameriflex Group Inc. bought a new stake in shares of Armstrong World Industries in the third quarter valued at about $35,000. CIBC Private Wealth Group LLC boosted its position in shares of Armstrong World Industries by 426.5% during the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after buying an additional 145 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Armstrong World Industries by 70.0% during the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock worth $44,000 after buying an additional 91 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock opened at $162.33 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.33. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The company has a 50-day simple moving average of $181.24 and a two-hundred day simple moving average of $188.46.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share (EPS) 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 business had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. During the same quarter in the previous year, the company earned $1.50 EPS. The business’s revenue for the quarter 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. Analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were given a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 5th. Armstrong World Industries’s dividend payout ratio is presently 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.