Rice Hall James & Associates LLC Has $33.06 Million Stock Holdings in Armstrong World Industries, Inc. $AWI

Rice Hall James & Associates LLC cut its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 172,974 shares of the construction company’s stock after selling 3,688 shares during the period. Armstrong World Industries comprises about 1.8% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 10th largest holding. Rice Hall James & Associates LLC’s holdings in Armstrong World Industries were worth $33,055,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. SurgoCap Partners LP bought a new position in shares of Armstrong World Industries in the 4th quarter worth $72,020,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Armstrong World Industries by 7.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,862 shares of the construction company’s stock worth $547,000 after acquiring an additional 204 shares in the last quarter. MML Investors Services LLC raised its position in shares of Armstrong World Industries by 1.5% in the 4th quarter. MML Investors Services LLC now owns 32,357 shares of the construction company’s stock worth $6,183,000 after acquiring an additional 480 shares in the last quarter. Mariner LLC raised its position in shares of Armstrong World Industries by 22.8% in the 4th quarter. Mariner LLC now owns 21,241 shares of the construction company’s stock worth $4,061,000 after acquiring an additional 3,938 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of Armstrong World Industries by 143.5% in the 4th quarter. Focus Partners Wealth now owns 19,572 shares of the construction company’s stock worth $3,740,000 after acquiring an additional 11,535 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Up 1.4%

Shares of AWI stock opened at $156.30 on Tuesday. Armstrong World Industries, Inc. has a 1-year low of $149.06 and a 1-year high of $206.08. The stock’s fifty day moving average price is $164.20 and its 200 day moving average price is $177.26. 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 has a market cap of $6.67 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.13). The firm had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, research analysts expect that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, May 11th. Armstrong World Industries’s payout ratio is presently 19.29%.

Analyst Ratings Changes

AWI has been the subject of several recent research reports. Evercore set a $200.00 price target on Armstrong World Industries in a research 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 reduced their price target on 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. UBS Group reduced their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.