Algert Global LLC Increases Stock Position in Armstrong World Industries, Inc. $AWI

Algert Global LLC grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 37.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,662 shares of the construction company’s stock after buying an additional 24,340 shares during the period. Algert Global LLC owned 0.21% of Armstrong World Industries worth $17,379,000 as of its most recent SEC filing.

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

Armstrong World Industries Trading Up 1.5%

NYSE:AWI opened at $167.40 on Friday. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.85 and a beta of 1.33. 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 company’s 50 day moving average price is $187.33 and its 200-day moving average price is $190.54. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $400.87 million. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Armstrong World Industries’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, equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued 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 of this dividend is Thursday, March 5th. Armstrong World Industries’s dividend payout ratio is presently 19.21%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AWI. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. One 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.