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.
Armstrong World Industries Stock Down 0.1 %
AWI Stock opened at $92.54 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.66 and a quick ratio of 1.14. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.51 and a beta of 1.23. The business's fifty day moving average price is $81.74 and its two-hundred day moving average price is $86.94. Armstrong World Industries has a fifty-two week low of $73.25 and a fifty-two week high of $118.14.
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). The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $317.19 million. Armstrong World Industries had a return on equity of 41.11% and a net margin of 16.07%. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th will be issued a dividend of $0.231 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 3rd. Armstrong World Industries's dividend payout ratio (DPR) is currently 23.06%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on AWI shares. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group upgraded Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 price target on the stock in a research note on Wednesday, July 13th. Loop Capital upgraded Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price target on the stock in a research note on Wednesday, June 15th. They noted that the move was a valuation call. UBS Group dropped their price target 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, Truist Financial dropped their price target on Armstrong World Industries from $124.00 to $110.00 in a research note on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Armstrong World Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.44.