Allspring Global Investments Holdings LLC Acquires Shares of 427,447 Armstrong World Industries, Inc. $AWI

Allspring Global Investments Holdings LLC acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 427,447 shares of the construction company’s stock, valued at approximately $84,143,000. Allspring Global Investments Holdings LLC owned about 0.99% of Armstrong World Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Armstrong World Industries during the second quarter worth $84,412,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of Armstrong World Industries by 121.3% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after acquiring an additional 404,000 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Armstrong World Industries by 64.1% in the 3rd quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock valued at $173,775,000 after acquiring an additional 348,327 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Armstrong World Industries by 87.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 365,774 shares of the construction company’s stock valued at $71,695,000 after acquiring an additional 170,983 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Armstrong World Industries by 1,782.8% in the second quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock valued at $23,247,000 after purchasing an additional 135,512 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 3.1%

AWI stock opened at $164.69 on Wednesday. The stock’s 50 day simple moving average is $180.04 and its 200 day simple moving average is $187.90. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $206.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.46. The company has a market cap of $7.05 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 1.76 and a beta of 1.33.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $388.30 million during the quarter, compared to analyst estimates of $400.87 million. During the same period last year, the business posted $1.50 EPS. The company’s 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. On average, research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.