Armstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments. The company produces suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall systems; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and acoustical controls, facades, and partitions. It sells its commercial ceiling and architectural specialties products to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, such as large home centers. The company was incorporated in 1891 and is headquartered in Lancaster, Pennsylvania.
Analyst Ratings Changes
AWI has been the topic of several recent research reports. Truist Financial cut their target price on Armstrong World Industries from $124.00 to $110.00 in a report on Wednesday, April 27th. Loop Capital upgraded Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Wednesday, June 15th. They noted that the move was a valuation call. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Monday, August 1st. UBS Group dropped their price objective on Armstrong World Industries from $86.00 to $82.00 and set a "sell" rating on the stock in a research note on Wednesday, July 27th. Finally, The Goldman Sachs Group upgraded Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 price objective on the stock in a research note on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $111.44.
Armstrong World Industries Stock Performance
AWI Stock traded up $1.34 during trading on Thursday, reaching $91.35. 197,940 shares of the stock were exchanged, compared to its average volume of 386,967. The company has a market capitalization of $4.24 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a current ratio of 1.66, a quick ratio of 1.14 and a debt-to-equity ratio of 1.25. Armstrong World Industries has a twelve month low of $73.25 and a twelve month high of $118.14. The stock has a 50 day simple moving average of $81.49 and a 200-day simple moving average of $87.17.
Armstrong World Industries (NYSE:AWI - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The construction company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.09). Armstrong World Industries had a return on equity of 41.11% and a net margin of 16.07%. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $317.19 million. During the same quarter last year, the firm earned $1.16 EPS. The business's revenue for the quarter was up 14.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Armstrong World Industries will post 5.12 earnings per share for the current year.
Armstrong World Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 4th will be given a $0.231 dividend. This represents a $0.92 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 3rd. Armstrong World Industries's dividend payout ratio (DPR) is presently 23.06%.