Armstrong World Industries (AWI) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Armstrong World Industries in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AWI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AWI, but not buy additional shares or sell existing shares.
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9 analysts have issued 1 year target prices for Armstrong World Industries' shares. Their AWI share price forecasts range from $73.00 to $100.00. On average, they predict the company's stock price to reach $84.13 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
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Armstrong World Industries' stock was trading at $68.59 at the beginning of the year. Since then, AWI stock has increased by 3.7% and is now trading at $71.12.
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Armstrong World Industries saw a drop in short interest in August. As of August 31st, there was short interest totaling 796,500 shares, a drop of 9.9% from the August 15th total of 883,600 shares. Based on an average daily trading volume, of 309,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our AWI earnings forecast.

Armstrong World Industries, Inc. (NYSE:AWI) announced its earnings results on Tuesday, July, 25th. The construction company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.07. The construction company had revenue of $325.40 million for the quarter, compared to analysts' expectations of $335.43 million. Armstrong World Industries had a net margin of 16.90% and a trailing twelve-month return on equity of 41.52%. The company's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS.

Armstrong World Industries announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.254 per share on Thursday, August 17th. This represents a $1.02 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, August 2nd.
Read our dividend analysis for AWI.

ETFs with the largest weight of Armstrong World Industries (NYSE:AWI) stock in their portfolio include iShares U.S. Infrastructure ETF (IFRA).Timothy Plan US Small Cap Core ETF (TPSC).

Armstrong World Industries (NYSE:AWI) pays an annual dividend of $1.02 per share and currently has a dividend yield of 1.43%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AWI will have a dividend payout ratio of 19.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AWI.

Armstrong World Industries issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $4.85-$5.05 for the period, compared to the consensus estimate of $4.81. The company issued revenue guidance of $1.26 billion-$1.30 billion, compared to the consensus revenue estimate of $1.27 billion.

50 employees have rated Armstrong World Industries Chief Executive Officer Victor Grizzle on Glassdoor.com. Victor Grizzle has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Armstrong World Industries investors own include Carnival Co. & (CCL), Armstrong Flooring (AFI), Coty (COTY), NVIDIA (NVDA), AT&T (T), Intel (INTC), Advanced Micro Devices (AMD), Coca-Cola (KO), L Brands (LB) and Altria Group (MO).

Armstrong World Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "AWI."

Armstrong World Industries' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Capital International Investors (10.95%), London Co. of Virginia (5.76%), BlackRock Inc. (4.72%), River Road Asset Management LLC (4.51%), Kayne Anderson Rudnick Investment Management LLC (3.44%) and Cooke & Bieler LP (2.71%). Insiders that own company stock include Charles M Chiappone, Ellen R Romano, Gaines Wehrle, Mark A Hershey, Stephen F Mcnamara and Victor Grizzle.
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Shares of AWI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AWI stock can currently be purchased for approximately $71.12.

Armstrong World Industries (NYSE:AWI) has a market capitalization of $3.18 billion and generates $1.23 billion in revenue each year. The construction company earns $202.90 million in net income (profit) each year or $4.70 on an earnings per share basis.

The company employs 3,000 workers across the globe.

Armstrong World Industries' mailing address is 2500 COLUMBIA AVE, LANCASTER PA, 17603. The official website for the company is www.armstrongceilings.com. The construction company can be reached via phone at (717) 397-0611, via email at twaters@armstrongceilings.com, or via fax at 717-396-6133.