Armstrong World Industries - AWI Stock Forecast, Price & News

8 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 and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AWI shares.
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8 brokerages have issued twelve-month target prices for Armstrong World Industries' shares. Their AWI share price forecasts range from $82.00 to $145.00. On average, they predict the company's stock price to reach $110.44 in the next year. This suggests a possible upside of 44.6% from the stock's current price.
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Armstrong World Industries' stock was trading at $116.12 at the start of the year. Since then, AWI shares have decreased by 34.2% and is now trading at $76.37.
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Armstrong World Industries saw a decline in short interest in November. As of November 15th, there was short interest totaling 799,300 shares, a decline of 14.2% from the October 31st total of 931,800 shares. Based on an average trading volume of 310,700 shares, the short-interest ratio is presently 2.6 days. Approximately 1.8% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our AWI earnings forecast.

Armstrong World Industries, Inc. (NYSE:AWI) announced its earnings results on Tuesday, October, 25th. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by $0.11. The construction company had revenue of $325 million for the quarter, compared to the consensus estimate of $331.54 million. Armstrong World Industries had a trailing twelve-month return on equity of 42.46% and a net margin of 16.18%. The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS.

Armstrong World Industries announced a quarterly dividend on Wednesday, October 19th. Investors of record on Thursday, November 3rd will be paid a dividend of $0.254 per share on Thursday, November 17th. This represents a $1.02 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, November 2nd. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for AWI.

Armstrong World Industries (NYSE:AWI) pays an annual dividend of $1.02 per share and currently has a dividend yield of 1.33%. 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 24.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AWI will have a dividend payout ratio of 18.89% 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 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $4.75-$4.85 for the period, compared to the consensus estimate of $5.10. The company issued revenue guidance of $1.22 billion-$1.24 billion, compared to the consensus revenue estimate of $1.25 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.22%), London Co. of Virginia (5.61%), Lazard Asset Management LLC (4.64%), BlackRock Inc. (4.26%), Cantillon Capital Management LLC (3.87%) and Kayne Anderson Rudnick Investment Management LLC (3.82%). 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 $76.37.

Armstrong World Industries (NYSE:AWI) has a market capitalization of $3.49 billion and generates $1.11 billion in revenue each year. The construction company earns $183.20 million in net income (profit) each year or $4.18 on an earnings per share basis.

The company employs 2,800 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.