Armstrong World Industries, Inc. $AWI Shares Sold by London Co. of Virginia

London Co. of Virginia cut its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 12.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,866,241 shares of the construction company’s stock after selling 269,356 shares during the quarter. Armstrong World Industries makes up about 2.1% of London Co. of Virginia’s holdings, making the stock its 10th biggest holding. London Co. of Virginia’s holdings in Armstrong World Industries were worth $356,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Armstrong World Industries by 77.0% in the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after buying an additional 57 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $27,000. Cullen Frost Bankers Inc. raised its holdings in shares of Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after buying an additional 98 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Armstrong World Industries by 426.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after buying an additional 145 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Armstrong World Industries in the 3rd quarter worth approximately $35,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Up 0.8%

NYSE:AWI opened at $157.97 on Wednesday. Armstrong World Industries, Inc. has a 12-month low of $149.06 and a 12-month high of $206.08. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $6.74 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.70 and a beta of 1.17. The stock’s fifty day simple moving average is $164.05 and its 200-day simple moving average is $177.02.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. During the same quarter in the prior year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities research analysts expect that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 11th. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AWI shares. Bank of America decreased their price target on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. UBS Group decreased their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Evercore set a $200.00 price target on Armstrong World Industries in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and an average target price of $211.86.

Armstrong World Industries 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.