London Co. of Virginia Sells 165,347 Shares of Armstrong World Industries, Inc. $AWI

London Co. of Virginia reduced its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 7.2% during the 3rd quarter, HoldingsChannel reports. 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 investment portfolio, making the stock its 8th largest position. London Co. of Virginia’s holdings in Armstrong World Industries were worth $418,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its holdings 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 valued at $7,138,000 after purchasing an additional 33,848 shares in the last quarter. Public Sector Pension Investment Board grew 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 buying an additional 20,280 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Armstrong World Industries by 3.3% during the second quarter. Schroder Investment Management Group now owns 177,232 shares of the construction company’s stock worth $28,790,000 after buying an additional 5,730 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Armstrong World Industries by 121.3% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after buying an additional 404,000 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in Armstrong World Industries in the 3rd quarter valued at approximately $2,055,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWI has been the topic of several research reports. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus target price of $211.43.

Armstrong World Industries Price Performance

NYSE:AWI opened at $167.61 on Tuesday. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $206.08. The company has a market cap of $7.18 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.46. The stock’s 50-day simple moving average is $186.67 and its 200 day simple moving average is $190.28.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.06). The company had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company posted $1.50 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, March 5th. Armstrong World Industries’s dividend payout ratio is presently 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.