Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $211.8571.
AWI has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Evercore set a $200.00 price target on shares of Armstrong World Industries in a research note on Tuesday, April 28th. UBS Group cut their price target on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Bank of America cut their target price on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th.
Check Out Our Latest Stock Analysis on AWI
Armstrong World Industries Stock Performance
Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The company had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Analysts expect that Armstrong World Industries will post 8.31 EPS for the current year.
Armstrong World Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.15%.
Hedge Funds Weigh In On Armstrong World Industries
A number of hedge funds have recently made changes to their positions in AWI. Millennium Management LLC raised its stake in shares of Armstrong World Industries by 571.7% in the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after acquiring an additional 100,175 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Armstrong World Industries by 142.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock valued at $431,000 after acquiring an additional 1,796 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Armstrong World Industries by 63.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock valued at $17,636,000 after acquiring an additional 48,544 shares during the period. Jane Street Group LLC raised its stake in shares of Armstrong World Industries by 144.2% in the 1st quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock valued at $9,881,000 after acquiring an additional 41,417 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in Armstrong World Industries during the 2nd quarter valued at $291,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.
About Armstrong World Industries
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.
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