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

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $213.00.

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

Institutional Investors Weigh In On Armstrong World Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Armstrong World Industries during the second quarter worth about $827,239,000. Bank of Montreal Can boosted its holdings in Armstrong World Industries by 18,679.7% in the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after purchasing an additional 1,272,275 shares during the period. Norges Bank bought a new stake in Armstrong World Industries in the 4th quarter valued at about $107,716,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Armstrong World Industries by 33,007.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock worth $90,410,000 after purchasing an additional 471,675 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Armstrong World Industries during the 2nd quarter worth approximately $74,556,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

NYSE:AWI opened at $179.44 on Friday. Armstrong World Industries has a one year low of $150.28 and a one year high of $206.08. The company has a market cap of $7.58 billion, a P/E ratio of 24.58, a P/E/G ratio of 1.77 and a beta of 1.16. The firm’s fifty day moving average price is $164.30 and its two-hundred day moving average price is $169.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data 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 net margin of 18.60% and a return on equity of 37.35%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities analysts expect that Armstrong World Industries will post 8.39 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be issued a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 5th. Armstrong World Industries’s dividend payout ratio is currently 18.63%.

Armstrong World Industries declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 21st that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 12.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.