Armstrong World Industries, Inc. (AWI) To Go Ex-Dividend on March 6th

Armstrong World Industries, Inc. (NYSE:AWI) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.308 per share by the construction company on Thursday, March 20th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, March 6th.

Armstrong World Industries has raised its dividend by an average of 10.1% annually over the last three years. Armstrong World Industries has a dividend payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Armstrong World Industries to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 17.9%.

Armstrong World Industries Price Performance

Shares of AWI opened at $152.01 on Tuesday. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries has a one year low of $110.68 and a one year high of $164.40. The stock’s fifty day moving average is $148.25 and its 200-day moving average is $142.94.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned $1.22 earnings per share. Equities analysts anticipate that Armstrong World Industries will post 6.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AWI shares. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group lifted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday. UBS Group raised their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Truist Financial raised their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Hold” and a consensus target price of $153.33.

About Armstrong World Industries

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.