Armstrong World Industries (NYSE:AWI) Stock Price Down 7.5% After Earnings Miss

Shares of Armstrong World Industries, Inc. (NYSE:AWI) were down 7.5% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $161.04 and last traded at $164.35. Approximately 187,088 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 525,166 shares. The stock had previously closed at $177.76.

The construction company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). The business had revenue of $409.90 million during the quarter, compared to analysts’ expectations of $409.86 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be paid a $0.339 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th. Armstrong World Industries’s dividend payout ratio is currently 19.21%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AWI shares. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday, April 20th. Finally, Bank of America cut their price target on 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $210.00.

Institutional Investors Weigh In On Armstrong World Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in AWI. Millennium Management LLC increased its holdings in shares of Armstrong World Industries by 571.7% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after acquiring an additional 100,175 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Armstrong World Industries by 142.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock valued at $431,000 after acquiring an additional 1,796 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Armstrong World Industries by 63.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock valued at $17,636,000 after acquiring an additional 48,544 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Armstrong World Industries by 144.2% during the 1st quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock valued at $9,881,000 after acquiring an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Armstrong World Industries during the 2nd quarter valued at about $291,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

The company has a current ratio of 1.46, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.97 and a beta of 1.32. The stock has a fifty day moving average price of $173.21 and a 200 day moving average price of $185.00.

About Armstrong World Industries

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.