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

Assenagon Asset Management S.A. reduced its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 70.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,192 shares of the construction company’s stock after selling 99,908 shares during the period. Assenagon Asset Management S.A.’s holdings in Armstrong World Industries were worth $8,063,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented 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 reaffirmed a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.43.

Armstrong World Industries Trading Down 1.6%

Shares of AWI stock opened at $162.33 on Friday. 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 $181.24 and its 200 day simple moving average is $188.46. 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 firm has a market capitalization of $6.95 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.79 and a beta of 1.33.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $400.87 million. During the same period in the previous year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

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

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.