Armstrong World Industries, Inc. $AWI Stock Acquired by Cooke & Bieler LP

Cooke & Bieler LP lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 71.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 392,406 shares of the construction company’s stock after purchasing an additional 163,028 shares during the period. Cooke & Bieler LP’s holdings in Armstrong World Industries were worth $63,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in Armstrong World Industries in the first quarter valued at $38,000. Root Financial Partners LLC raised its stake in Armstrong World Industries by 84.8% in the first quarter. Root Financial Partners LLC now owns 268 shares of the construction company’s stock valued at $44,000 after buying an additional 123 shares in the last quarter. OP Asset Management Ltd acquired a new stake in Armstrong World Industries in the first quarter valued at $45,000. Global Retirement Partners LLC purchased a new stake in Armstrong World Industries during the 2nd quarter worth about $64,000. Finally, Versant Capital Management Inc lifted its holdings in Armstrong World Industries by 66.7% during the 3rd quarter. Versant Capital Management Inc now owns 780 shares of the construction company’s stock worth $126,000 after buying an additional 312 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 0.4%

Shares of NYSE:AWI opened at $168.75 on Thursday. The firm has a 50 day simple moving average of $168.33 and a 200-day simple moving average of $165.66. Armstrong World Industries, Inc. has a twelve month low of $150.28 and a twelve month high of $206.08. The company has a current ratio of 1.52, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $7.13 billion, a PE ratio of 23.12, a P/E/G ratio of 1.65 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $461.67 million. During the same period last year, the firm posted $2.09 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities analysts predict that Armstrong World Industries, Inc. will post 8.39 EPS for the current fiscal year.

Armstrong World Industries declared that its board has initiated a stock repurchase plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 12.3% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

AWI has been the subject of several analyst reports. Truist Financial set a $230.00 price objective on Armstrong World Industries in a research report on Tuesday, September 8th. Weiss Ratings upgraded Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. DA Davidson reissued a “buy” rating and set a $215.00 target price on shares of Armstrong World Industries in a research report on Tuesday, September 1st. Jefferies Financial Group reissued a “hold” rating and set a $190.00 target price on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Finally, UBS Group restated a “neutral” rating and set a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.71.

Armstrong World Industries Profile

Armstrong World Industries, Inc is a building products company that designs and manufactures ceiling, wall and other architectural solutions. Its products are used in commercial, institutional and residential spaces to support acoustical performance, interior design, comfort and functionality.

The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; suspension systems; acoustical clouds and canopies; wall systems; partitions; and specialty architectural products.