SG Americas Securities LLC Has $21.37 Million Stake in Armstrong World Industries, Inc. $AWI

SG Americas Securities LLC grew its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 31.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 129,686 shares of the construction company’s stock after purchasing an additional 31,192 shares during the quarter. SG Americas Securities LLC’s holdings in Armstrong World Industries were worth $21,372,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of Armstrong World Industries by 1.0% in the 4th quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock valued at $443,736,000 after purchasing an additional 23,133 shares during the period. Bank of Montreal Can grew its holdings in Armstrong World Industries by 18,679.7% in the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after buying an additional 1,272,275 shares in the last quarter. Geode Capital Management LLC increased its position in Armstrong World Industries by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock worth $194,027,000 after acquiring an additional 61,647 shares during the period. AQR Capital Management LLC raised its position in shares of Armstrong World Industries by 7.8% in the fourth quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock valued at $183,682,000 after buying an additional 69,849 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Armstrong World Industries by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 860,799 shares of the construction company’s stock valued at $168,716,000 after acquiring an additional 2,799 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Up 1.7%

Armstrong World Industries stock opened at $157.62 on Thursday. The company has a market capitalization of $6.73 billion, a PE ratio of 22.36, a PEG ratio of 1.68 and a beta of 1.17. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08. The firm’s fifty day moving average is $162.18 and its 200 day moving average is $175.67. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. During the same period last year, the firm posted $1.66 earnings per share. The company’s revenue for the quarter 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. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS 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. Shareholders of record on Monday, May 11th were paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s dividend payout ratio (DPR) is 19.29%.

Analyst Ratings Changes

AWI has been the topic of a number of recent analyst reports. Bank of America decreased their price objective on shares of 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. UBS Group dropped their price objective 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. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. Finally, Evercore set a $200.00 price target on shares of Armstrong World Industries in a report on Tuesday, April 28th. One investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $211.86.

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.