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

River Road Asset Management LLC cut its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 279,934 shares of the construction company’s stock after selling 39,647 shares during the quarter. River Road Asset Management LLC owned 0.65% of Armstrong World Industries worth $53,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Armstrong World Industries in the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. increased its stake in Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after buying an additional 98 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Armstrong World Industries during the 3rd quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC boosted its stake 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 buying an additional 145 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AWI. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Evercore set a $200.00 target price on Armstrong World Industries in a report on Tuesday, April 28th. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Bank of America decreased their price target on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, UBS Group lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Stock Up 2.7%

Armstrong World Industries stock opened at $157.98 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The company’s 50-day moving average is $163.64 and its 200-day moving average is $176.54. The firm has a market capitalization of $6.74 billion, a PE ratio of 22.41, a P/E/G ratio of 1.67 and a beta of 1.17. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week 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 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The business had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were issued 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 payout ratio is currently 19.29%.

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.