Short Interest in Armstrong World Industries, Inc. (NYSE:AWI) Decreases By 18.5%

Key Points

• Short interest fell 18.5% to 856,482 shares as of March 31, equal to about 2.0% of the stock and a days-to-cover ratio of 1.5.
• Armstrong missed quarterly estimates (EPS $1.61 vs. $1.67 est.; revenue $388.3M vs. $400.9M) but set FY2026 guidance of 8.05–8.35 EPS; shares traded at $173.64 with a market cap of $7.44B and a P/E of 24.52.

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 856,482 shares, a decline of 18.5% from the March 15th total of 1,050,815 shares. Approximately 2.0% of the company's stock are short sold. Based on an average trading volume of 568,799 shares, the days-to-cover ratio is currently 1.5 days.

Armstrong World Industries Stock Performance

Armstrong World Industries stock traded down $2.70 during mid-day trading on Thursday, reaching $173.64. 226,021 shares of the company traded hands, compared to its average volume of 446,459. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.00. Armstrong World Industries has a fifty-two week low of $128.65 and a fifty-two week high of $206.08. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.95 and a beta of 1.32. The firm's fifty day moving average is $176.21 and its two-hundred day moving average is $186.04.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. During the same quarter in the previous year, the company posted $1.50 EPS. The company's revenue for the quarter 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, equities research analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders 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 is currently 19.21%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AWI. Alps Advisors Inc. increased its stake in shares of Armstrong World Industries by 1,317.0% in the third quarter. Alps Advisors Inc. now owns 36,418 shares of the construction company's stock worth $7,138,000 after acquiring an additional 33,848 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Armstrong World Industries by 10.8% during the third quarter. Public Sector Pension Investment Board now owns 208,870 shares of the construction company's stock worth $40,941,000 after purchasing an additional 20,280 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Armstrong World Industries during the third quarter worth $2,055,000. Assenagon Asset Management S.A. raised its holdings in shares of Armstrong World Industries by 24.1% during the third quarter. Assenagon Asset Management S.A. now owns 142,100 shares of the construction company's stock worth $27,853,000 after purchasing an additional 27,602 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Armstrong World Industries during the fourth quarter worth $84,143,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.