Armstrong World Industries, Inc. Declares Quarterly Dividend of $0.28 (NYSE:AWI)

Armstrong World Industries, Inc. (NYSE:AWI) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.28 per share by the construction company on Thursday, May 23rd. This represents a $1.12 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, May 8th.

Armstrong World Industries has increased its dividend by an average of 8.8% per year over the last three years and has increased its dividend every year for the last 5 years.

Armstrong World Industries Trading Down 0.2 %

Shares of AWI opened at $115.73 on Friday. The company’s fifty day simple moving average is $119.86 and its 200-day simple moving average is $100.25. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 0.99. The company has a market cap of $5.07 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.78 and a beta of 1.12. Armstrong World Industries has a twelve month low of $62.03 and a twelve month high of $125.56.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $305.44 million. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, analysts expect that Armstrong World Industries will post 5.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and increased their target price for the stock from $75.00 to $103.00 in a report on Thursday, January 4th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Truist Financial increased their target price on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.17.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.