Armstrong World Industries, Inc. (NYSE:AWI) Receives $211.86 Average Target Price from Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $211.8571.

Several brokerages recently issued reports on AWI. Bank of America reduced their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. UBS Group cut their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Evercore set a $200.00 price target on Armstrong World Industries in a research note on Tuesday, April 28th.

Armstrong World Industries Trading Up 1.7%

NYSE:AWI opened at $160.74 on Tuesday. Armstrong World Industries has a 52-week low of $150.28 and a 52-week high of $206.08. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $156.63 and a 200-day simple moving average of $171.00. The company has a market capitalization of $6.86 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last released its earnings results 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 firm had revenue of $409.90 million during the quarter, compared to analysts’ expectations of $409.46 million. During the same quarter last year, the company posted $1.66 earnings per share. Armstrong World Industries’s revenue for the quarter was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, equities research analysts expect that Armstrong World Industries will post 8.31 earnings per share for the current fiscal year.

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

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be paid a $0.339 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 5th. Armstrong World Industries’s dividend payout ratio is presently 19.29%.

Institutional Trading of Armstrong World Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accurate Wealth Management LLC lifted its holdings in shares of Armstrong World Industries by 3.5% during the 4th quarter. Accurate Wealth Management LLC now owns 1,490 shares of the construction company’s stock worth $299,000 after acquiring an additional 51 shares during the period. Larson Financial Group LLC grew its holdings in Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after purchasing an additional 57 shares during the period. MQS Management LLC increased its position in Armstrong World Industries by 4.4% during the first quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock worth $243,000 after purchasing an additional 62 shares during the last quarter. Advisory Services Network LLC increased its position in Armstrong World Industries by 4.3% during the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock worth $325,000 after purchasing an additional 70 shares during the last quarter. Finally, Interchange Capital Partners LLC raised its stake in Armstrong World Industries by 6.1% during the fourth quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock worth $247,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

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.