Quantinno Capital Management LP Decreases Stock Position in Armstrong World Industries, Inc. $AWI

Quantinno Capital Management LP reduced its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 31.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 193,823 shares of the construction company’s stock after selling 88,309 shares during the period. Quantinno Capital Management LP’s holdings in Armstrong World Industries were worth $31,942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its position in shares of Armstrong World Industries by 210.5% in the first quarter. Lazard Asset Management LLC now owns 20,282 shares of the construction company’s stock valued at $3,342,000 after purchasing an additional 13,749 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in Armstrong World Industries by 2.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 176,857 shares of the construction company’s stock valued at $29,146,000 after buying an additional 3,883 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Armstrong World Industries by 239.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 91,861 shares of the construction company’s stock valued at $15,139,000 after buying an additional 64,800 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Armstrong World Industries by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 118,700 shares of the construction company’s stock valued at $19,562,000 after buying an additional 1,400 shares during the last quarter. Finally, Modern Wealth Management LLC increased its position in Armstrong World Industries by 13.6% during the first quarter. Modern Wealth Management LLC now owns 2,785 shares of the construction company’s stock worth $462,000 after buying an additional 334 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analysts Set New Price Targets

AWI has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday. Bank of America dropped their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. UBS Group reiterated a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $213.00.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $174.63 on Friday. The firm has a market capitalization of $7.38 billion, a P/E ratio of 23.92, a PEG ratio of 1.70 and a beta of 1.17. The stock has a fifty day moving average price of $158.33 and a 200 day moving average price of $170.20. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.11. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $461.67 million. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be issued a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 5th. Armstrong World Industries’s payout ratio is presently 18.63%.

Armstrong World Industries declared that its board has authorized a share buyback program on Tuesday, July 21st that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 12.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.