Global Alpha Capital Management Ltd. trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,479 shares of the construction company’s stock after selling 10,711 shares during the quarter. Armstrong World Industries comprises approximately 1.9% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 28th largest position. Global Alpha Capital Management Ltd.’s holdings in Armstrong World Industries were worth $30,476,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of AWI. Larson Financial Group LLC lifted its stake in shares of 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 buying an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Armstrong World Industries in the fourth quarter worth $27,000. Cullen Frost Bankers Inc. lifted its stake in shares of Armstrong World Industries by 124.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after buying an additional 98 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Armstrong World Industries in the third quarter worth $35,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Armstrong World Industries by 426.5% in the third 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. 98.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on AWI. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Bank of America cut their target price on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Evercore set a $200.00 target price on shares of Armstrong World Industries in a research note on Tuesday, April 28th. Finally, UBS Group cut their target price on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.86.
Armstrong World Industries Trading Up 1.6%
Shares of AWI stock opened at $155.16 on Friday. Armstrong World Industries, Inc. has a 52-week low of $149.06 and a 52-week high of $206.08. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 1.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. The firm has a fifty day moving average of $165.32 and a 200-day moving average of $178.48.
Armstrong World Industries (NYSE:AWI – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share (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 business had revenue of $409.90 million during the quarter, compared to analyst estimates of $409.46 million. During the same quarter in the prior year, the company posted $1.66 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, equities research analysts forecast that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.
Armstrong World Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were paid a $0.339 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. Armstrong World Industries’s dividend payout ratio is currently 19.29%.
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.
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