Armstrong World Industries, Inc. (NYSE:AWI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $211.8571.

AWI has been the subject of a number of recent research 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, June 4th. Evercore set a $200.00 price target on shares of Armstrong World Industries in a research note on Tuesday, April 28th. UBS Group dropped their price target on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, Bank of America dropped their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 20th.

Armstrong World Industries Trading Up 2.3%

Shares of NYSE AWI opened at $161.38 on Friday. Armstrong World Industries has a 1-year low of $150.28 and a 1-year high of $206.08. The company has a market cap of $6.89 billion, a PE ratio of 22.89, a P/E/G ratio of 1.71 and a beta of 1.17. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $161.82 and a two-hundred day moving average of $175.51.

Armstrong World Industries (NYSE:AWI) last announced its 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). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. During the same period in the prior year, the firm posted $1.66 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, equities analysts expect that Armstrong World Industries will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s payout ratio is 19.29%.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of Armstrong World Industries during the first quarter worth approximately $230,000. Arete Wealth Advisors LLC acquired a new position in Armstrong World Industries during the first quarter valued at approximately $6,108,000. Western Wealth Management LLC acquired a new position in Armstrong World Industries during the first quarter valued at approximately $38,000. Bank of America Corp DE grew its holdings in Armstrong World Industries by 5.2% during the first quarter. Bank of America Corp DE now owns 457,619 shares of the construction company’s stock valued at $75,416,000 after purchasing an additional 22,477 shares during the period. Finally, Bull Harbor Capital LLC acquired a new position in Armstrong World Industries during the first quarter valued at approximately $410,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Company Profile

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.