Armstrong World Industries, Inc. (NYSE:AWI) Short Interest Update

Armstrong World Industries, Inc. (NYSE:AWI) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 985,077 shares, a growth of 42.4% from the February 12th total of 691,714 shares. Based on an average trading volume of 744,310 shares, the short-interest ratio is currently 1.3 days. Currently, 2.3% of the company’s shares are sold short. Currently, 2.3% of the company’s shares are sold short. Based on an average trading volume of 744,310 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AWI. Bank of Montreal Can boosted its stake in Armstrong World Industries by 18,679.7% during the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock worth $244,433,000 after acquiring an additional 1,272,275 shares in the last quarter. Norges Bank bought a new stake in Armstrong World Industries in the fourth quarter valued at $107,716,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Armstrong World Industries by 33,007.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after purchasing an additional 471,675 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter valued at about $84,143,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Armstrong World Industries by 121.3% during 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. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.5%

Shares of NYSE:AWI opened at $167.40 on Monday. Armstrong World Industries has a 1 year low of $122.37 and a 1 year high of $206.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.00. The business’s 50-day moving average is $187.33 and its 200-day moving average is $190.49. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.85 and a beta of 1.33.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.06). The business had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.339 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is 19.21%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research report 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 assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and an average price target 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.