Armstrong World Industries, Inc. $AWI Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 3.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 446,572 shares of the construction company’s stock after selling 14,961 shares during the quarter. Armstrong World Industries comprises approximately 2.4% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 22nd largest holding. Van Berkom & Associates Inc.’s holdings in Armstrong World Industries were worth $73,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AWI. Meeder Asset Management Inc. raised its holdings in Armstrong World Industries by 490.2% during the first quarter. Meeder Asset Management Inc. now owns 2,225 shares of the construction company’s stock worth $367,000 after purchasing an additional 1,848 shares in the last quarter. KBC Group NV boosted its holdings in shares of Armstrong World Industries by 4,339.2% in the 1st quarter. KBC Group NV now owns 46,700 shares of the construction company’s stock valued at $7,696,000 after buying an additional 45,648 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Armstrong World Industries by 3.6% in the 1st quarter. California Public Employees Retirement System now owns 94,245 shares of the construction company’s stock valued at $15,532,000 after buying an additional 3,239 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Armstrong World Industries by 28.3% in the 1st quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company’s stock valued at $7,591,000 after buying an additional 10,165 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of Armstrong World Industries by 24.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 48,269 shares of the construction company’s stock valued at $7,955,000 after buying an additional 9,401 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of AWI opened at $156.01 on Monday. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The firm has a 50-day simple moving average of $156.87 and a 200-day simple moving average of $172.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54.

Armstrong World Industries (NYSE:AWI) last issued 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 company 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 business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid 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 dividend payout ratio (DPR) is 19.29%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AWI shares. Bank of America reduced 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. Weiss Ratings lowered 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 research report on Tuesday, April 28th. Finally, UBS Group reduced their target price on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.86.

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.