Los Angeles Capital Management LLC Has $34.42 Million Stake in Armstrong World Industries, Inc. $AWI

Los Angeles Capital Management LLC decreased its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 41.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,056 shares of the construction company’s stock after selling 127,318 shares during the period. Los Angeles Capital Management LLC’s holdings in Armstrong World Industries were worth $34,423,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Armstrong World Industries by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock valued at $194,027,000 after purchasing an additional 61,647 shares during the period. AQR Capital Management LLC increased its holdings in Armstrong World Industries by 64.1% in the third quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock worth $173,775,000 after buying an additional 348,327 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Armstrong World Industries by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 860,799 shares of the construction company’s stock worth $168,716,000 after buying an additional 2,799 shares during the last quarter. Invesco Ltd. increased its holdings in Armstrong World Industries by 11.2% in the third quarter. Invesco Ltd. now owns 758,680 shares of the construction company’s stock worth $148,709,000 after buying an additional 76,235 shares during the last quarter. Finally, Norges Bank acquired a new position in Armstrong World Industries in the fourth quarter worth approximately $107,716,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 0.0%

Shares of Armstrong World Industries stock opened at $155.16 on Monday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 22.01, a PEG ratio of 1.68 and a beta of 1.17. 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 stock has a 50 day moving average price of $165.32 and a two-hundred day moving average price of $178.47. Armstrong World Industries, Inc. has a 12-month low of $149.06 and a 12-month high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its earnings results 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). The company had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities analysts expect that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a dividend of $0.339 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. Armstrong World Industries’s dividend payout ratio is presently 19.15%.

Wall Street Analysts Forecast Growth

AWI has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. UBS Group dropped their price objective on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Evercore set a $200.00 price objective on Armstrong World Industries in a report on Tuesday, April 28th. Bank of America dropped their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. One 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’s stock. Based on data from MarketBeat.com, Armstrong World Industries presently has an average rating of “Moderate Buy” and a consensus target price of $211.86.

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.