Armstrong World Industries, Inc. (NYSE:AWI) Receives $213.00 Consensus Target Price from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $213.00.

A number of analysts have recently commented on the stock. Evercore set a $200.00 target price on shares of Armstrong World Industries in a report on Tuesday, April 28th. Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, UBS Group reissued a “neutral” rating and set a $203.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, July 29th.

Institutional Trading of Armstrong World Industries

A number of hedge funds have recently made changes to their positions in the stock. iSAM Funds UK Ltd purchased a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $209,000. Nykredit A S purchased a new position in Armstrong World Industries during the second quarter valued at $302,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Armstrong World Industries during the second quarter valued at $1,715,000. Keeler Thomas Management LLC boosted its holdings in Armstrong World Industries by 9.3% in the second quarter. Keeler Thomas Management LLC now owns 5,927 shares of the construction company’s stock worth $951,000 after acquiring an additional 506 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Armstrong World Industries in the second quarter worth $1,086,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Up 0.5%

Shares of NYSE:AWI opened at $179.01 on Friday. The firm has a market capitalization of $7.56 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. The stock has a 50 day moving average price of $166.21 and a 200-day moving average price of $169.27. Armstrong World Industries has a 52-week low of $150.28 and a 52-week high of $206.08.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.11. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $461.67 million. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, equities research analysts anticipate that Armstrong World Industries will post 8.39 EPS for the current fiscal year.

Armstrong World Industries declared that its board has initiated a stock buyback plan on Tuesday, July 21st that allows the company to buyback $800.00 million in shares. This buyback authorization allows the construction company to purchase up to 12.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were paid 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 (DPR) is currently 18.63%.

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.