Short Interest in Armstrong World Industries, Inc. (NYSE:AWI) Decreases By 18.5%
by Scott Moore · The Cerbat GemArmstrong World Industries, Inc. (NYSE:AWI – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 856,482 shares, a drop of 18.5% from the March 15th total of 1,050,815 shares. Based on an average daily volume of 568,799 shares, the short-interest ratio is presently 1.5 days. Currently, 2.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on AWI. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $211.43.
Read Our Latest Research Report on Armstrong World Industries
Institutional Trading of Armstrong World Industries
Several institutional investors have recently modified their holdings of AWI. Bank of Montreal Can grew its position in shares of Armstrong World Industries by 18,679.7% in the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after purchasing an additional 1,272,275 shares during the period. Norges Bank acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $107,716,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Armstrong World Industries by 33,007.3% in 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 stake in shares of Armstrong World Industries in the fourth quarter valued at about $84,143,000. Finally, SurgoCap Partners LP acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $72,020,000. Institutional investors and hedge funds own 98.93% of the company’s stock.
Armstrong World Industries Stock Performance
AWI stock traded down $2.70 during midday trading on Thursday, hitting $173.64. 226,021 shares of the stock traded hands, compared to its average volume of 446,459. The firm has a market cap of $7.44 billion, a P/E ratio of 24.52, a PEG ratio of 1.95 and a beta of 1.32. 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 stock’s fifty day simple moving average is $176.21 and its 200-day simple moving average is $186.04. Armstrong World Industries has a 1-year low of $128.65 and a 1-year high of $206.08.
Armstrong World Industries (NYSE:AWI – Get Free Report) last released its quarterly 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). Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. The firm had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. During the same quarter in the prior year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. On average, analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current year.
Armstrong World Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were given a $0.339 dividend. The ex-dividend date was 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%.
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.