Armstrong World Industries, Inc. (NYSE:AWI) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $213.25.

Several research firms have recently issued reports on AWI. Truist Financial set a $230.00 target price on Armstrong World Industries in a research report on Tuesday, September 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, DA Davidson reissued a “buy” rating and set a $215.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, September 1st.

Hedge Funds Weigh In On Armstrong World Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in AWI. BlackRock Inc. bought a new stake in shares of Armstrong World Industries in the 2nd quarter valued at $827,239,000. Capital International Investors lifted its holdings in Armstrong World Industries by 1.0% during the fourth quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock worth $443,736,000 after acquiring an additional 23,133 shares in the last quarter. Bank of America Corp DE lifted 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 worth $75,416,000 after acquiring an additional 22,477 shares in the last quarter. SurgoCap Partners LP acquired a new position in Armstrong World Industries in the fourth quarter valued at about $72,020,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Armstrong World Industries by 3.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 387,256 shares of the construction company’s stock valued at $63,820,000 after acquiring an additional 11,645 shares during the period. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Down 0.6%

Shares of Armstrong World Industries stock opened at $162.12 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. Armstrong World Industries has a 12 month low of $150.28 and a 12 month high of $206.08. The business has a fifty day simple moving average of $171.17 and a 200 day simple moving average of $165.55. The stock has a market cap of $6.85 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $461.67 million. During the same quarter in the prior year, the company posted $2.09 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Research analysts predict that Armstrong World Industries will post 8.39 EPS for the current year.

Armstrong World Industries Dividend Announcement

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 $0.3390 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is 18.63%.

Armstrong World Industries announced that its board has authorized a stock buyback program on Tuesday, July 21st that permits the company to buy back $800.00 million in shares. This repurchase authorization permits the construction company to buy up to 12.3% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its stock is undervalued.

About Armstrong World Industries

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.