Armstrong World Industries, Inc. $AWI Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Armstrong World Industries stake by 35.4% in the third quarter, selling 48,356 shares and retaining 88,241 shares valued at approximately $14.3 million. Institutional investors collectively own 98.93% of AWI.
• Armstrong reported quarterly EPS of $2.36, exceeding analyst expectations of $2.25, while revenue rose 11.2% year over year to $472 million. The company reaffirmed fiscal 2026 EPS guidance of $8.30–$8.50.
• The board authorized an $800 million share-buyback program, allowing repurchases of up to 12.3% of outstanding shares. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $209.71, versus the stock’s reported price of $167.38.

Assenagon Asset Management S.A. trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 35.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,241 shares of the construction company's stock after selling 48,356 shares during the period. Assenagon Asset Management S.A. owned approximately 0.21% of Armstrong World Industries worth $14,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MQS Management LLC grew its holdings in shares of Armstrong World Industries by 4.4% during the first quarter. MQS Management LLC now owns 1,474 shares of the construction company's stock valued at $243,000 after buying an additional 62 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Armstrong World Industries by 7.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,352 shares of the construction company's stock worth $258,000 after purchasing an additional 90 shares in the last quarter. Howe & Rusling Inc. grew its stake in shares of Armstrong World Industries by 7.1% during the 1st quarter. Howe & Rusling Inc. now owns 1,768 shares of the construction company's stock worth $291,000 after purchasing an additional 117 shares during the period. HB Wealth Management LLC grew its stake in shares of Armstrong World Industries by 8.4% during the 1st quarter. HB Wealth Management LLC now owns 1,513 shares of the construction company's stock worth $249,000 after purchasing an additional 117 shares during the period. Finally, Root Financial Partners LLC increased its holdings in shares of Armstrong World Industries by 84.8% during the 1st quarter. Root Financial Partners LLC now owns 268 shares of the construction company's stock valued at $44,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.5%

Shares of NYSE:AWI opened at $167.38 on Tuesday. Armstrong World Industries, Inc. has a 1 year low of $150.28 and a 1 year high of $206.08. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. The business's 50 day moving average price is $168.98 and its 200-day moving average price is $165.61.

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

Armstrong World Industries announced that its board has approved a stock buyback program on Tuesday, July 21st that permits the company to repurchase $800.00 million in shares. This buyback authorization permits the construction company to buy up to 12.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AWI shares. Jefferies Financial Group reiterated a "hold" rating and issued a $190.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Armstrong World Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. DA Davidson restated a "buy" rating and set a $215.00 price target on shares of Armstrong World Industries in a research report on Tuesday, September 1st. UBS Group reaffirmed a "neutral" rating and issued a $203.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Truist Financial set a $230.00 price objective on shares of Armstrong World Industries in a report on Tuesday, September 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Armstrong World Industries presently has an average rating of "Moderate Buy" and an average price target of $209.71.

About Armstrong World Industries

Armstrong World Industries, Inc is a building products company that designs and manufactures ceiling, wall and other architectural solutions. Its products are used in commercial, institutional and residential spaces to support acoustical performance, interior design, comfort and functionality.

The company's offerings include mineral fiber, fiberglass, metal and wood ceilings; suspension systems; acoustical clouds and canopies; wall systems; partitions; and specialty architectural products.

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