Armstrong World Industries, Inc. (NYSE:AWI) Plans Quarterly Dividend of $0.28

Armstrong World Industries, Inc. (NYSE:AWI) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.28 per share by the construction company on Thursday, May 23rd. This represents a $1.12 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, May 8th.

Armstrong World Industries has increased its dividend payment by an average of 8.8% per year over the last three years and has increased its dividend every year for the last 5 years.

Armstrong World Industries Trading Up 0.7 %

Shares of AWI traded up $0.82 on Friday, hitting $116.58. 1,593 shares of the stock traded hands, compared to its average volume of 362,164. The firm has a market capitalization of $5.11 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.78 and a beta of 1.12. The stock’s 50 day moving average is $119.86 and its two-hundred day moving average is $100.25. Armstrong World Industries has a 1 year low of $62.03 and a 1 year high of $125.56. The company has a quick ratio of 1.07, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The business had revenue of $312.30 million for the quarter, compared to analyst estimates of $305.44 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that Armstrong World Industries will post 5.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AWI has been the topic of several research reports. UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $103.00 in a research report on Thursday, January 4th. Truist Financial increased their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group boosted their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.17.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.