Armstrong World Industries, Inc. $AWI Shares Bought by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP increased its Armstrong World Industries stake by 71.1% in the third quarter, adding 163,028 shares for a total of 392,406 shares valued at approximately $63.5 million. Institutional investors collectively own 98.93% of AWI.
• Armstrong reported quarterly EPS of $2.36, exceeding estimates by $0.11, while revenue rose 11.2% year over year to $472 million. The company maintained fiscal 2026 EPS guidance of $8.30–$8.50.
• The board authorized an $800 million share-repurchase program, covering up to 12.3% of outstanding shares. Analysts give AWI a “Moderate Buy” consensus rating with an average price target of $209.71, versus a recent price of $168.75.

Cooke & Bieler LP grew its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 71.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,406 shares of the construction company's stock after buying an additional 163,028 shares during the period. Cooke & Bieler LP owned 0.93% of Armstrong World Industries worth $63,542,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AWI. Nisa Investment Advisors LLC raised its holdings in shares of Armstrong World Industries by 24.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,375 shares of the construction company's stock valued at $223,000 after buying an additional 273 shares during the period. Diversify Advisory Services LLC boosted its holdings in Armstrong World Industries by 103.4% during the 3rd quarter. Diversify Advisory Services LLC now owns 8,421 shares of the construction company's stock valued at $1,403,000 after acquiring an additional 4,281 shares during the period. Novem Group grew its position in Armstrong World Industries by 6.4% in the 3rd quarter. Novem Group now owns 6,446 shares of the construction company's stock valued at $1,044,000 after acquiring an additional 386 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Armstrong World Industries in the 3rd quarter valued at about $247,000. Finally, Goelzer Investment Management Inc. acquired a new position in Armstrong World Industries in the 3rd quarter valued at about $233,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Down 0.4%

AWI opened at $168.75 on Thursday. The business has a fifty day moving average price of $168.33 and a 200 day moving average price of $165.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.65 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.11. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $461.67 million. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%. Armstrong World Industries's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Sell-side analysts expect that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 21st that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 12.3% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial set a $230.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, September 8th. Jefferies Financial Group restated a "hold" rating and issued a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. UBS Group reaffirmed a "neutral" rating and set a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. DA Davidson reiterated a "buy" rating and set a $215.00 target price on shares of Armstrong World Industries in a report on Tuesday, September 1st. Finally, Weiss Ratings upgraded shares of Armstrong World Industries from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $209.71.

About Armstrong World Industries

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.

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