Armstrong World Industries (NYSE:AWI) to Repurchase $800.00 million in Stock

Armstrong World Industries (NYSE:AWI) declared that its board has authorized a stock buyback plan on Tuesday, July 21st, RTT News reports. The company plans to buyback $800.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

AWI has been the topic of several research reports. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Bank of America lowered 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 report on Monday, April 20th. UBS Group reduced their price objective on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries has an average rating of “Moderate Buy” and an average price target of $211.86.

Armstrong World Industries Stock Up 0.8%

AWI opened at $158.55 on Friday. Armstrong World Industries has a 12 month low of $150.28 and a 12 month high of $206.08. The company has a market cap of $6.77 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $156.52 and a 200 day moving average of $171.07.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). The company had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, sell-side analysts expect that Armstrong World Industries will post 8.31 EPS for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be issued a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 5th. Armstrong World Industries’s payout ratio is presently 19.29%.

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.