Armstrong World Industries (NYSE:AWI) Upgraded by DA Davidson to “Strong-Buy” Rating

DA Davidson upgraded shares of Armstrong World Industries (NYSE:AWI) to a strong-buy rating in a report published on Monday,Zacks.com reports.

AWI has been the subject of several other reports. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Jefferies Financial Group restated a “hold” rating and set a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $203.00 target price on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Evercore set a $200.00 price target on Armstrong World Industries in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.25.

Armstrong World Industries Price Performance

NYSE AWI opened at $179.97 on Monday. The stock has a 50-day simple moving average of $167.09 and a 200 day simple moving average of $169.01. Armstrong World Industries has a twelve month low of $150.28 and a twelve month high of $206.08. The stock has a market capitalization of $7.61 billion, a PE ratio of 24.65, a P/E/G ratio of 1.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52.

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

Armstrong World Industries announced that its board has authorized a stock repurchase plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 12.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries’s payout ratio is presently 18.63%.

Hedge Funds Weigh In On Armstrong World Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its position in shares of Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after buying an additional 57 shares in the last quarter. MQS Management LLC lifted its position in shares of Armstrong World Industries by 4.4% during the 1st quarter. MQS Management LLC now owns 1,474 shares of the construction company’s stock valued at $243,000 after acquiring an additional 62 shares during the period. Advisory Services Network LLC grew its holdings in shares of Armstrong World Industries by 4.3% during the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock worth $325,000 after purchasing an additional 70 shares in the last quarter. Interchange Capital Partners LLC increased its position in shares of Armstrong World Industries by 6.1% in the fourth quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock worth $247,000 after purchasing an additional 74 shares during the period. Finally, US Bancorp DE increased its position in shares of Armstrong World Industries by 18.4% in the third quarter. US Bancorp DE now owns 509 shares of the construction company’s stock worth $100,000 after purchasing an additional 79 shares during the period. Institutional investors own 98.93% of the company’s stock.

About Armstrong World Industries

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.