Alliancebernstein L.P. Trims Holdings in Armstrong World Industries, Inc. $AWI

Alliancebernstein L.P. lowered its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 877,265 shares of the construction company’s stock after selling 46,155 shares during the period. Alliancebernstein L.P. owned 2.03% of Armstrong World Industries worth $171,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. lifted its stake in shares of Armstrong World Industries by 1,317.0% in the 3rd quarter. Alps Advisors Inc. now owns 36,418 shares of the construction company’s stock worth $7,138,000 after acquiring an additional 33,848 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Armstrong World Industries by 10.8% in the third quarter. Public Sector Pension Investment Board now owns 208,870 shares of the construction company’s stock valued at $40,941,000 after acquiring an additional 20,280 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Armstrong World Industries by 3.3% during the second quarter. Schroder Investment Management Group now owns 177,232 shares of the construction company’s stock worth $28,790,000 after acquiring an additional 5,730 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Armstrong World Industries by 121.3% during the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock worth $119,718,000 after acquiring an additional 404,000 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in Armstrong World Industries in the 3rd quarter valued at approximately $2,055,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Up 0.2%

Shares of AWI opened at $167.61 on Tuesday. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. 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 $7.18 billion, a P/E ratio of 23.67, a PEG ratio of 1.85 and a beta of 1.33. The firm’s 50-day moving average is $186.67 and its two-hundred day moving average is $190.28.

Armstrong World Industries (NYSE:AWI) last posted its quarterly 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). The company had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. Armstrong World Industries’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. On average, research analysts predict 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 will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a $0.339 dividend. The ex-dividend date is Thursday, March 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.21%.

Wall Street Analyst Weigh In

A number of equities 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 restated 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 assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus target price of $211.43.

About Armstrong World Industries

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.