Nisa Investment Advisors LLC Sells 9,055 Shares of Armstrong World Industries, Inc. $AWI

Nisa Investment Advisors LLC reduced its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,578 shares of the construction company’s stock after selling 9,055 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of Armstrong World Industries worth $6,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWI. Norges Bank bought a new stake in shares of Armstrong World Industries in the 2nd quarter worth about $84,412,000. Allspring Global Investments Holdings LLC bought a new position in Armstrong World Industries during the 4th quarter valued at about $84,143,000. Adage Capital Partners GP L.L.C. boosted its position in Armstrong World Industries by 121.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after buying an additional 404,000 shares in the last quarter. AQR Capital Management LLC boosted its position 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 valued at $173,775,000 after buying an additional 348,327 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Armstrong World Industries by 87.8% during the third quarter. Ameriprise Financial Inc. now owns 365,774 shares of the construction company’s stock worth $71,695,000 after buying an additional 170,983 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $165.20 on Friday. The stock has a 50-day simple moving average of $179.08 and a 200 day simple moving average of $187.59. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.83 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Armstrong World Industries, Inc. has a 12-month low of $122.37 and a 12-month high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.06). The company had revenue of $388.30 million for the quarter, compared to the consensus estimate of $400.87 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. On average, research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were issued a $0.339 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.21%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $211.43.

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.