Armstrong World Industries, Inc. (AWI) To Go Ex-Dividend on August 5th

Armstrong World Industries, Inc. (NYSE:AWI) announced a quarterly dividend on Tuesday, July 21st. Stockholders of record on Wednesday, August 5th will be paid a dividend of 0.339 per share by the construction company on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 5th.

Armstrong World Industries has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Armstrong World Industries has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Armstrong World Industries to earn $9.42 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 14.3%.

Armstrong World Industries Stock Performance

Shares of NYSE AWI opened at $174.63 on Monday. The company has a market cap of $7.38 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. Armstrong World Industries has a 12 month low of $150.28 and a 12 month high of $206.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. The company has a 50-day simple moving average of $158.33 and a 200-day simple moving average of $170.00.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. The business had revenue of $472.00 million during the quarter, compared to analyst estimates of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities analysts anticipate that Armstrong World Industries will post 8.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

AWI has been the subject of a number of recent analyst reports. Bank of America lowered their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, April 28th. UBS Group reiterated a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a research note on Wednesday. Finally, Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.