Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $213.25.
A number of equities research analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and set a $215.00 price target on shares of Armstrong World Industries in a research report on Tuesday, September 1st. UBS Group restated a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Truist Financial set a $230.00 price target on Armstrong World Industries in a report on Tuesday, September 8th. Weiss Ratings downgraded Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th.
Read Our Latest Stock Report on Armstrong World Industries
Armstrong World Industries Stock Performance
Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The business had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $461.67 million. During the same period last year, the firm earned $2.09 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Research analysts expect that Armstrong World Industries will post 8.39 EPS for the current year.
Armstrong World Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a $0.3390 dividend. The ex-dividend date 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 (DPR) is currently 18.63%.
Armstrong World Industries declared that its Board of Directors has authorized a share repurchase plan on Tuesday, July 21st that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Institutional Investors Weigh In On Armstrong World Industries
Several institutional investors and hedge funds have recently made changes to their positions in AWI. BlackRock Inc. acquired a new stake in shares of Armstrong World Industries in the second quarter valued at approximately $827,239,000. Bank of America Corp DE acquired a new position in shares of Armstrong World Industries during the 2nd quarter worth approximately $74,556,000. SurgoCap Partners LP acquired a new position in shares of Armstrong World Industries during the 4th quarter worth approximately $72,020,000. Bank of New York Mellon Corp purchased a new stake in Armstrong World Industries in the 2nd quarter valued at approximately $43,412,000. Finally, Deutsche Bank AG purchased a new stake in Armstrong World Industries in the 2nd quarter valued at approximately $35,298,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc (NYSE: AWI) designs and manufactures ceiling, wall and suspension-system solutions for commercial and institutional buildings. Its products are used to improve acoustics, aesthetics, lighting integration, indoor air quality and overall building performance.
The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; acoustical wall systems; ceiling suspension systems; clouds, canopies and other specialty architectural elements; and related accessories.
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