Brokerages Set Armstrong World Industries, Inc. (NYSE:AWI) PT at $211.86

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, five have given 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 $211.8571.

Several equities research analysts have recently commented on the company. Bank of America reduced their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. UBS Group cut their price objective on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, April 28th.

Armstrong World Industries Trading Up 0.8%

Armstrong World Industries stock opened at $158.55 on Tuesday. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17. Armstrong World Industries has a 1 year low of $150.28 and a 1 year high of $206.08. The firm’s 50 day moving average price is $156.52 and its two-hundred day moving average price is $171.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54.

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

Armstrong World Industries announced that its board has initiated a share buyback plan on Tuesday, July 21st that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Armstrong World Industries Announces Dividend

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

Hedge Funds Weigh In On Armstrong World Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after purchasing an additional 57 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Armstrong World Industries in the fourth quarter worth $27,000. Cullen Frost Bankers Inc. boosted its position in shares of Armstrong World Industries by 124.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock worth $34,000 after buying an additional 98 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Armstrong World Industries by 426.5% during the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after buying an additional 145 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Armstrong World Industries during the first quarter valued at $38,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

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.