Brokerages Set Armstrong World Industries, Inc. (NYSE:AWI) PT at $211.43

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $211.4286.

Several brokerages recently commented on AWI. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st.

Institutional Trading of Armstrong World Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of Armstrong World Industries by 571.7% in the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after acquiring an additional 100,175 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Armstrong World Industries by 142.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock worth $431,000 after purchasing an additional 1,796 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Armstrong World Industries by 63.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock valued at $17,636,000 after purchasing an additional 48,544 shares during the period. Jane Street Group LLC raised its holdings in shares of Armstrong World Industries by 144.2% in the 1st quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock valued at $9,881,000 after purchasing an additional 41,417 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in Armstrong World Industries in the 2nd quarter valued at about $291,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Down 0.8%

Shares of AWI stock opened at $164.05 on Wednesday. The firm’s fifty day moving average price is $184.46 and its two-hundred day moving average price is $189.57. The company has a current ratio of 1.46, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. Armstrong World Industries has a 1 year low of $122.37 and a 1 year high of $206.08. The firm has a market capitalization of $7.03 billion, a P/E ratio of 23.17, a PEG ratio of 1.83 and a beta of 1.33.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.06). The business had revenue of $388.30 million for the quarter, compared to analyst estimates of $400.87 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts predict that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were paid a $0.339 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.21%.

About Armstrong World Industries

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.