Armstrong World Industries, Inc. (AWI) To Go Ex-Dividend on November 5th

Armstrong World Industries, Inc. (NYSE:AWI) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, November 5th will be given a dividend of $0.3730 per share by the construction company on Thursday, November 19th. This represents a $1.49 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 5th. This is a 10.0% increase from Armstrong World Industries’s previous quarterly dividend of $0.3390.

Armstrong World Industries has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Armstrong World Industries has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Armstrong World Industries to earn $9.52 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 14.2%.

Armstrong World Industries Stock Performance

Shares of NYSE:AWI opened at $170.84 on Friday. The business’s 50-day simple moving average is $168.11 and its 200 day simple moving average is $165.70. The company has a market cap of $7.22 billion, a P/E ratio of 23.40, a PEG ratio of 1.64 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. Armstrong World Industries has a one year low of $150.28 and a one year high of $206.08.

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

Analyst Ratings Changes

A number of research firms recently issued reports on AWI. Truist Financial set a $230.00 price objective on Armstrong World Industries in a research report on Tuesday, September 8th. DA Davidson reaffirmed a “buy” rating and issued a $215.00 target price on shares of Armstrong World Industries in a research report on Tuesday, September 1st. UBS Group reiterated a “neutral” rating and issued a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Armstrong World Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.71.

About Armstrong World Industries

Armstrong World Industries, Inc is a building products company that designs and manufactures ceiling, wall and other architectural solutions. Its products are used in commercial, institutional and residential spaces to support acoustical performance, interior design, comfort and functionality.

The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; suspension systems; acoustical clouds and canopies; wall systems; partitions; and specialty architectural products.