Armstrong World Industries (AWI)
Makes ceilings, specialty walls, and exterior metal solutions for architectural applications.
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Designs and manufactures ceiling systems, specialty walls, and exterior metal solutions for architectural applications across the Americas. Revenue comes from Mineral Fiber and acquisition-built Architectural Specialties, while flooring has been outside the company since the separation.
Designs and manufactures interior and exterior architectural applications across the Americas. Headquartered in Lancaster, Pennsylvania, it serves the Americas. Mineral Fiber supplies ceiling systems, while Architectural Specialties adds specialty walls and exterior metal solutions. The latter business has been built through acquisitions.
The business began as a cork company in 1860, then expanded into building interiors before its current architectural-applications focus. Its current products do not include the separated flooring business. Its capital history also includes a Chapter 11 reorganization to resolve asbestos-related liabilities, followed by a return to NYSE trading.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 8, 2026 | Truist Financial | Target | Target: $195 | Target: $230 |
| Aug 24, 2026 | D.A. Davidson | Target | Target: — | Target: $215 |
| Jul 29, 2026 | UBS | Reiterate | Rating: —Target: $195 | Target: $203 |
| Jul 29, 2026 | Jefferies | Reiterate | Rating: —Target: $71 | Target: $190 |
| Apr 29, 2026 | UBS | Reiterate | Rating: —Target: $200 | Target: $195 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $78.6M · Total debt $579.4M · Total assets $2.01B · Shareholders' equity $884.3M
- Revenue
- $472.0M
- Operating income
- $133.8M
- Net income
- $96.7M
HistoryDividendAnnual yield
| Institutions | ≥ 96.72% | 40.88M shares | |
|---|---|---|---|
| 483 holders · as of Jun 30, 2026 · largest filers only | |||
| Insiders | 1.56% | 657.6K shares | |
| 14 holders · as of Jun 15, 2026 | |||
| Other | ≤ 1.72% | 729.1K shares | |
| remainder | |||
42.26M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the 100 largest filers, so at least this.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
T. Rowe Price Associates, Inc.Institution | 16.17% | 6.83M | filed Feb 16, 2021 |
BlackRock, Inc.Institution | 12.20% | 5.16M | as of Jun 30, 2026 |
The London CompanyInstitution | 6.49% | 2.74M | filed Feb 16, 2021 |
Vanguard Portfolio Management LLCInstitution | 5.25% | 2.22M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.55% | 1.92M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 27, 2026 | Roy W. Templin | director | +575 | $173.91 |
- Carlisle
Architectural metal wall and building-envelope systems
- Apogee Enterprises
Architectural glass, curtainwall, storefront, and framing
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Armstrong World Industries | $163.41 | +0.94% | $6.84B | 22.2 | 18.3 | 4.0 | +11.2% |
| Carlisle | $329.27 | +3.59% | $12.86B | 18.3 | 14.6 | 2.5 | +8.3% |
| Apogee Enterprises | $37.66 | +1.87% | $771.5M | 11.6 | 12.6 | 0.6 | −1.1% |
| Median | 14.9 | 13.6 | 1.5 | +3.6% |