Armstrong World Industries, Inc. (NYSE:AWI) Receives $213.25 Average Target Price from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $213.25.

Several research firms have recently issued reports on AWI. Truist Financial set a $230.00 target price on shares of Armstrong World Industries in a research note on Tuesday. UBS Group reissued a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, July 29th.

Institutional Trading of Armstrong World Industries

A number of hedge funds have recently bought and sold shares of AWI. Canada Pension Plan Investment Board purchased a new position in Armstrong World Industries in the second quarter valued at about $4,700,000. Assenagon Asset Management S.A. increased its stake in shares of Armstrong World Industries by 88.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company’s stock worth $21,913,000 after purchasing an additional 64,077 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Armstrong World Industries by 5.2% during the 1st quarter. Bank of America Corp DE now owns 457,619 shares of the construction company’s stock worth $75,416,000 after purchasing an additional 22,477 shares during the last quarter. Danske Bank A S bought a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $531,000. Finally, Bessemer Group Inc. raised its holdings in shares of Armstrong World Industries by 28.3% in the 1st quarter. Bessemer Group Inc. now owns 46,058 shares of the construction company’s stock worth $7,591,000 after purchasing an additional 10,165 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Trading Up 1.0%

AWI opened at $164.37 on Wednesday. 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 has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The firm has a market capitalization of $6.95 billion, a PE ratio of 22.52, a P/E/G ratio of 1.58 and a beta of 1.17. The company’s 50-day moving average is $170.42 and its 200 day moving average is $166.71.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $461.67 million. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, research analysts predict that Armstrong World Industries will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a $0.339 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is currently 18.63%.

Armstrong World Industries declared that its board has initiated a stock repurchase plan on Tuesday, July 21st that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Armstrong World Industries

Armstrong World Industries, Inc is a manufacturer of ceiling, wall and suspension-system solutions for commercial and residential spaces. The company develops products designed to improve acoustics, aesthetics, lighting integration, indoor environmental quality and installation efficiency.

Its product portfolio includes mineral fiber, fiberglass, metal and wood ceilings; ceiling suspension systems; acoustical wall panels; partitions; and specialty architectural systems. Armstrong’s solutions are used in offices, schools, health care facilities, retail spaces, transportation hubs, hospitality venues and other building environments.

Armstrong World Industries traces its roots to 1860 and is headquartered in Lancaster, Pennsylvania.