Allspring Global Investments Holdings LLC Sells 228,718 Shares of Armstrong World Industries, Inc. $AWI

Allspring Global Investments Holdings LLC decreased its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 53.5% in the first quarter, Holdings Channel.com reports. The firm owned 198,729 shares of the construction company’s stock after selling 228,718 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Armstrong World Industries were worth $32,935,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Accurate Wealth Management LLC raised its holdings in Armstrong World Industries by 3.5% during the 4th quarter. Accurate Wealth Management LLC now owns 1,490 shares of the construction company’s stock valued at $299,000 after buying an additional 51 shares during the period. Larson Financial Group LLC lifted its stake in Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after purchasing an additional 57 shares during the last quarter. MQS Management LLC raised its holdings in shares of Armstrong World Industries by 4.4% in the first quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock worth $243,000 after buying an additional 62 shares during the period. Advisory Services Network LLC raised its holdings in shares of Armstrong World Industries by 4.3% in the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock worth $325,000 after buying an additional 70 shares during the period. Finally, Interchange Capital Partners LLC boosted its holdings in Armstrong World Industries by 6.1% during the 4th quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock valued at $247,000 after acquiring an additional 74 shares during the period. Institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Bank of America reduced their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday, April 28th. UBS Group reduced their price target on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Armstrong World Industries presently has an average rating of “Moderate Buy” and an average target price of $211.86.

Armstrong World Industries Stock Up 0.0%

Shares of Armstrong World Industries stock opened at $156.01 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.66 billion, a P/E ratio of 22.13, a PEG ratio of 1.69 and a beta of 1.17. The firm’s 50 day moving average price is $156.87 and its 200-day moving average price is $172.14. Armstrong World Industries, Inc. has a 52-week low of $150.28 and a 52-week high of $206.08.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The firm had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. During the same period in the previous year, the company earned $1.66 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, sell-side analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.339 per share. The ex-dividend date was Monday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. Armstrong World Industries’s dividend payout ratio is 19.29%.

Armstrong World Industries Company 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.