London Co. of Virginia Has $356.64 Million Holdings in Armstrong World Industries, Inc. $AWI

London Co. of Virginia decreased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,866,241 shares of the construction company’s stock after selling 269,356 shares during the quarter. Armstrong World Industries comprises approximately 2.1% of London Co. of Virginia’s holdings, making the stock its 10th largest position. London Co. of Virginia owned about 4.33% of Armstrong World Industries worth $356,641,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AWI. Bank of Montreal Can boosted its stake in Armstrong World Industries by 18,679.7% during the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after purchasing an additional 1,272,275 shares during the period. Norges Bank bought a new stake in Armstrong World Industries during the 4th quarter valued at approximately $107,716,000. Northwestern Mutual Wealth Management Co. boosted its stake in Armstrong World Industries by 33,007.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after purchasing an additional 471,675 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Armstrong World Industries during the 4th quarter valued at approximately $84,143,000. Finally, SurgoCap Partners LP bought a new stake in Armstrong World Industries during the 4th quarter valued at approximately $72,020,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 0.8%

Armstrong World Industries stock opened at $157.97 on Wednesday. The business has a 50 day moving average price of $164.05 and a two-hundred day moving average price of $177.02. 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 stock has a market cap of $6.74 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. Armstrong World Industries, Inc. has a 12 month low of $149.06 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 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). The firm had revenue of $409.90 million during the quarter, compared to analyst estimates of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, equities analysts forecast that Armstrong World Industries, Inc. will post 8.31 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a $0.339 dividend. 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 dividend payout ratio is presently 19.15%.

Analyst Ratings Changes

Several brokerages recently weighed in on AWI. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Evercore set a $200.00 target price on Armstrong World Industries in a research note on Tuesday, April 28th. UBS Group decreased their target price on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Finally, Bank of America decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. 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.