Armstrong World Industries, Inc. (AWI) to Distribute Quarterly Dividend of $0.34 on August 19th

Armstrong World Industries, Inc. (NYSE:AWI) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Wednesday, August 5th will be given a dividend of 0.339 per share by the construction company on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 5th.

Armstrong World Industries has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Armstrong World Industries has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Armstrong World Industries to earn $9.42 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 14.3%.

Armstrong World Industries Stock Performance

AWI opened at $157.31 on Thursday. 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 $6.71 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.64 and a beta of 1.17. The company’s fifty day moving average price is $156.55 and its two-hundred day moving average price is $171.34. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same quarter in the prior year, the business earned $1.66 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, analysts expect that Armstrong World Industries will post 8.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Armstrong World Industries

Several institutional investors and hedge funds have recently bought and sold shares of AWI. Millennium Management LLC increased its holdings in Armstrong World Industries by 571.7% in the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock worth $16,581,000 after acquiring an additional 100,175 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Armstrong World Industries by 142.0% during the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock valued at $431,000 after purchasing an additional 1,796 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Armstrong World Industries by 63.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock worth $17,636,000 after purchasing an additional 48,544 shares during the period. Jane Street Group LLC boosted its position in Armstrong World Industries by 144.2% during the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after purchasing an additional 41,417 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Armstrong World Industries during the 2nd quarter valued at approximately $291,000. 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.