Shares of Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) have been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $213.25.
Several research analysts have recently weighed in on AWI shares. 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. Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. DA Davidson restated a “buy” rating and set a $215.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, September 1st. Finally, Truist Financial set a $230.00 target price on shares of Armstrong World Industries in a research report on Tuesday, September 8th.
Get Our Latest Research Report on Armstrong World Industries
Armstrong World Industries Stock Performance
Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. The business had revenue of $472.00 million for the quarter, compared to analyst estimates of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, research analysts predict that Armstrong World Industries will post 8.39 earnings per share for the current year.
Armstrong World Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.339 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is presently 18.63%.
Armstrong World Industries declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to buy up to 12.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Institutional Trading of Armstrong World Industries
A number of institutional investors have recently made changes to their positions in the company. Nykredit A S acquired a new position in Armstrong World Industries in the 2nd quarter valued at $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Armstrong World Industries during the 2nd quarter worth $3,000,000. California State Teachers Retirement System grew its holdings in shares of Armstrong World Industries by 16,662.2% during the second quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock worth $1,383,645,000 after buying an additional 8,573,686 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Armstrong World Industries during the second quarter worth $209,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Armstrong World Industries in the second quarter valued at about $1,715,000. 98.93% of the stock is owned by institutional investors and hedge funds.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc is a manufacturer of ceiling, wall and suspension-system solutions for commercial and residential spaces. The company develops products designed to improve acoustics, aesthetics, lighting integration, indoor environmental quality and installation efficiency.
Its product portfolio includes mineral fiber, fiberglass, metal and wood ceilings; ceiling suspension systems; acoustical wall panels; partitions; and specialty architectural systems. Armstrong’s solutions are used in offices, schools, health care facilities, retail spaces, transportation hubs, hospitality venues and other building environments.
Armstrong World Industries traces its roots to 1860 and is headquartered in Lancaster, Pennsylvania.
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