Armstrong World Industries, Inc. (NYSE:AWI) to Issue Quarterly Dividend of $0.34

Armstrong World Industries, Inc. (NYSE:AWI) announced 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 raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Armstrong World Industries has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.6%

Shares of AWI stock opened at $151.35 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. Armstrong World Industries has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The company has a market cap of $6.46 billion, a PE ratio of 21.47, a P/E/G ratio of 1.65 and a beta of 1.17. The stock’s fifty day moving average price is $156.57 and its two-hundred day moving average price is $171.58.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. During the same quarter in the prior year, the company earned $1.66 earnings per share. Armstrong World Industries’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. Equities analysts predict that Armstrong World Industries will post 8.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Armstrong World Industries

Several large investors have recently modified their holdings of the company. Handelsbanken Fonder AB grew its holdings in Armstrong World Industries by 10.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 12,830 shares of the construction company’s stock worth $2,058,000 after acquiring an additional 1,200 shares during the period. Salvus Wealth Management LLC increased its stake in shares of Armstrong World Industries by 31.8% in the 2nd quarter. Salvus Wealth Management LLC now owns 15,141 shares of the construction company’s stock valued at $2,429,000 after acquiring an additional 3,654 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Armstrong World Industries by 88.4% during the second quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company’s stock worth $21,913,000 after acquiring an additional 64,077 shares in the last quarter. GAMMA Investing LLC grew its holdings in Armstrong World Industries by 17.3% in the second quarter. GAMMA Investing LLC now owns 5,215 shares of the construction company’s stock worth $837,000 after purchasing an additional 769 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Armstrong World Industries during the first quarter valued at about $230,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

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.