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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Armstrong World Industries in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 price targets for Armstrong World Industries' stock. Their AWI share price forecasts range from $71.00 to $100.00. On average, they expect the company's share price to reach $83.63 in the next year. This suggests a possible upside of 24.9% from the stock's current price.
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Armstrong World Industries' stock was trading at $68.59 at the beginning of 2023. Since then, AWI shares have decreased by 2.4% and is now trading at $66.97.
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Armstrong World Industries saw a increase in short interest in May. As of May 15th, there was short interest totaling 914,100 shares, an increase of 6.2% from the April 30th total of 861,000 shares. Based on an average trading volume of 460,400 shares, the short-interest ratio is currently 2.0 days. Approximately 2.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our AWI earnings forecast.

Armstrong World Industries, Inc. (NYSE:AWI) posted its quarterly earnings results on Tuesday, April, 25th. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The construction company had revenue of $310.20 million for the quarter, compared to the consensus estimate of $310.86 million. Armstrong World Industries had a trailing twelve-month return on equity of 41.94% and a net margin of 16.32%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $1.02 earnings per share.

Armstrong World Industries declared a quarterly dividend on Wednesday, April 19th. Investors of record on Thursday, May 4th will be paid a dividend of $0.254 per share on Thursday, May 18th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 3rd.
Read our dividend analysis for AWI.

ETFs with the largest weight of Armstrong World Industries (NYSE:AWI) stock in their portfolio include Hoya Capital Housing ETF (HOMZ), iShares U.S. Infrastructure ETF (IFRA), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Etho Climate Leadership US ETF (ETHO), WisdomTree U.S. SmallCap Dividend Fund (DES), Mid Cap US Equity Select ETF (RNMC) and Gotham 1000 Value ETF (GVLU).

Armstrong World Industries (NYSE:AWI) pays an annual dividend of $1.01 per share and currently has a dividend yield of 1.56%. 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 22.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AWI will have a dividend payout ratio of 19.27% 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 updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $4.80-$5.05 for the period, compared to the consensus EPS estimate of $4.83. The company issued revenue guidance of $1.26 billion-$1.31 billion, compared to the consensus revenue estimate of $1.28 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 investors include London Co. of Virginia (5.95%), BlackRock Inc. (4.64%), Gates Capital Management Inc. (4.27%), Cantillon Capital Management LLC (4.18%), River Road Asset Management LLC (3.90%) and Southpoint Capital Advisors LP (3.77%). 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 $66.97.

Armstrong World Industries (NYSE:AWI) has a market capitalization of $3.02 billion and generates $1.26 billion in revenue each year. The construction company earns $202.90 million in net income (profit) each year or $4.47 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.