Alyeska Investment Group L.P. Lowers Stock Position in Armstrong World Industries, Inc. $AWI

Key Points

• Alyeska Investment Group cut its Armstrong World Industries stake by 33.2% in the second quarter, selling 246,173 shares and retaining 494,820 shares worth about $79.4 million. Institutional investors still own 98.93% of AWI.
• Armstrong reported quarterly EPS of $2.36, beating estimates of $2.25, while revenue rose 11.2% year over year to $472 million. Management forecast fiscal 2026 EPS of $8.30–$8.50.
• Analysts maintain a consensus “Moderate Buy” rating with a $213.25 price target, while the company approved an $800 million share-repurchase program covering up to 12.3% of outstanding shares.

Alyeska Investment Group L.P. trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 33.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 494,820 shares of the construction company's stock after selling 246,173 shares during the period. Alyeska Investment Group L.P. owned approximately 1.17% of Armstrong World Industries worth $79,379,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE grew its stake in Armstrong World Industries by 5.2% during the first quarter. Bank of America Corp DE now owns 457,619 shares of the construction company's stock worth $75,416,000 after buying an additional 22,477 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Armstrong World Industries by 88.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company's stock valued at $21,913,000 after acquiring an additional 64,077 shares during the period. Danske Bank A S purchased a new position in shares of Armstrong World Industries in the 2nd quarter valued at $531,000. Bessemer Group Inc. lifted its holdings in shares of Armstrong World Industries by 28.3% during the 1st quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company's stock valued at $7,591,000 after acquiring an additional 10,165 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Armstrong World Industries by 33,007.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company's stock valued at $90,410,000 after acquiring an additional 471,675 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AWI has been the subject of several recent research reports. DA Davidson assumed coverage on Armstrong World Industries in a report on Monday, August 24th. They issued a "buy" rating and a $215.00 price target for the company. UBS Group restated a "neutral" rating and set a $203.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $190.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, Weiss Ratings lowered Armstrong World Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.25.

Armstrong World Industries Stock Down 0.1%

Shares of Armstrong World Industries stock opened at $175.29 on Friday. The business has a 50-day moving average price of $168.29 and a 200 day moving average price of $168.79. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The firm has a market cap of $7.41 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.70 and a beta of 1.16. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $461.67 million. During the same period in the previous year, the business earned $2.09 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, sell-side analysts forecast that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were given a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries's dividend payout ratio is currently 18.63%.

Armstrong World Industries announced that its Board of Directors has initiated a stock repurchase program on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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.

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