River Road Asset Management LLC Sells 39,647 Shares of Armstrong World Industries, Inc. $AWI

River Road Asset Management LLC trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI) by 12.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 279,934 shares of the construction company’s stock after selling 39,647 shares during the period. River Road Asset Management LLC’s holdings in Armstrong World Industries were worth $53,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of AWI. Larson Financial Group LLC raised its stake in 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 purchasing an additional 57 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Armstrong World Industries in the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. grew its position in shares of Armstrong World Industries by 124.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after purchasing an additional 98 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Armstrong World Industries during the 3rd quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $157.98 on Friday. The firm has a 50 day moving average of $163.64 and a 200-day moving average of $176.54. The stock has a market capitalization of $6.74 billion, a PE ratio of 22.41, a PEG ratio of 1.67 and a beta of 1.17. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08.

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). The firm had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue 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. On average, equities research analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.339 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. Armstrong World Industries’s payout ratio is 19.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AWI shares. Bank of America dropped their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. UBS Group reduced 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 note on Thursday, June 4th. Evercore set a $200.00 price objective on Armstrong World Industries in a report on Tuesday, April 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. One 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’s stock. According to data from MarketBeat, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus 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.