Cooke & Bieler 13F: Adds $26M to AWI Stake
Key Points
- Cooke & Bieler expanded its holdings in Armstrong World Industries by 71.1%, bringing its total stake to 392,406 shares in a filing on October 21, 2026.
- Other large investment managers shifted their positions as well, with Verition Fund Management growing its stake by 99,892 shares to end with 102,612 shares worth about $16.5 million.
- The building products maker trades recently around $171.39, while analysts maintain a consensus buy rating with a mean target price of $207.64 ahead of earnings.
Since the filing, $AWI is up 1.6% to date (from the $168.74 close on Oct 21, 2026).
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Cooke & Bieler increased its holdings in Armstrong World Industries, Inc. (NYSE: AWI) by 71.1% during the period, according to a Form 13F filing with the SEC on October 21, 2026. The investment manager picked up an additional 163,028 shares to wrap up the quarter with 392,406 shares. That position carried a reported market value of $63,542,304 at the close of the filing period.
AWI
Armstrong World Industries, Inc.
What Changed in Cooke & Bieler's Armstrong World Industries Position
The firm significantly expanded its footprint in the ceiling and wall products manufacturer by boosting its prior share count of 229,378 up to 392,406 shares. This change gave Cooke & Bieler a larger stake in the Lancaster, Pennsylvania-based company as institutional managers adjusted their portfolios.
Other Institutional Activity in Armstrong World Industries
Other big investors made major adjustments to their holdings in the building products company around the same time. Verition Fund Management grew its holdings by 99,892 shares, ending with 102,612 shares worth about $16.5 million. Squarepoint Ops boosted its position by 119,350 shares to hold 140,235 shares valued at about $22.5 million. LONDON CO OF VIRGINIA reduced its stake by 78,929 shares, finishing with 1,644,407 shares worth $281.8 million. Bank of Montreal /CAN/ cut its holdings by 120,692 shares, leaving it with 1,104,610 shares valued at $189.3 million. Fuller & Thaler Asset Management Inc. grew its holdings by 60,608 shares, ending with 1,101,986 shares worth roughly $188.9 million.
Armstrong World Industries, Inc. Stock Up 1.6%
Shares of Armstrong World Industries closed at $168.74 on October 21, 2026, and recently traded around $171.39, up about 1.6% since the filing. The stock has traded between a 52-week low of $150.28 and a high of $206.08.
Recent Earnings
The company posted trailing-twelve-month revenue of $1.69 billion alongside earnings of $7.42 per share. Investors are looking ahead to the next earnings release scheduled for October 27, 2026.
Dividend
Armstrong World Industries pays an annual dividend of $1.36 per share, which translates to a dividend yield of 0.87%.
Insider Buying and Selling at Armstrong World Industries, Inc.
Company insiders executed a handful of transactions prior to the filing. Director William H. Osborne sold 100 shares on August 8, 2025, at $188.78 per share for a total of $18,878. Director Roy W. Templin purchased 575 shares on February 27, 2026, at $173.91 per share, worth $99,998. Richard Holder bought 876 shares on June 12, 2026.
Analysts Set New Price Targets
DA Davidson initiated coverage on the stock with a buy rating and a $215.00 price target on August 25, 2026, and maintained that rating and target on September 1, 2026. Overall, the company holds a consensus buy rating from 11 analysts with a mean price target of $207.64.
About Armstrong World Industries
Armstrong World Industries designs, makes, and sells ceiling and wall systems across the Americas. It runs operations through its Mineral Fiber and Architectural Specialties segments, supplying materials for commercial and residential buildings.
Bottom Line
Investors will watch the upcoming earnings report on October 27, 2026, for updated financial figures. Future institutional reports will show whether funds continue adding to their positions.
Related Filing Alerts
Source: Cooke & Bieler's 13F filing on $AWI (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts