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

London Co. of Virginia reduced its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,135,597 shares of the construction company’s stock after selling 165,347 shares during the quarter. Armstrong World Industries comprises 2.3% of London Co. of Virginia’s holdings, making the stock its 8th biggest position. London Co. of Virginia owned 4.95% of Armstrong World Industries worth $418,601,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Armstrong World Industries in the second quarter valued at approximately $32,000. Ameriflex Group Inc. acquired a new position in Armstrong World Industries in the third quarter valued at approximately $35,000. Bessemer Group Inc. boosted its stake in Armstrong World Industries by 70.0% in the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after acquiring an additional 91 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Armstrong World Industries in the second quarter valued at approximately $46,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on AWI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $211.43.

Armstrong World Industries Stock Up 0.2%

NYSE:AWI opened at $167.61 on Tuesday. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $206.08. The stock has a 50-day moving average price of $186.67 and a two-hundred day moving average price of $190.28. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.85 and a beta of 1.33. The company has a current ratio of 1.46, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.06). Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The business had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. During the same period in the prior year, the business earned $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. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, March 5th. Armstrong World Industries’s dividend payout ratio (DPR) is 19.21%.

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.