Armstrong World Industries’ (AWI) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Armstrong World Industries (NYSE:AWI) in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have a $215.00 target price on the construction company’s stock.

A number of other equities analysts also recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating and set a $203.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $213.25.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $171.06 on Tuesday. Armstrong World Industries has a 52 week low of $150.28 and a 52 week high of $206.08. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $169.33 and a 200-day moving average price of $167.74. The company has a market cap of $7.23 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $461.67 million. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Armstrong World Industries’s quarterly revenue 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. Equities analysts anticipate that Armstrong World Industries will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries announced that its Board of Directors has approved a share buyback program on Tuesday, July 21st that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 12.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors 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 was Wednesday, August 5th. Armstrong World Industries’s dividend payout ratio (DPR) is 18.63%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Armstrong World Industries during the 2nd quarter valued at $3,000,000. California State Teachers Retirement System boosted its holdings in shares of Armstrong World Industries by 16,662.2% in the 2nd quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock worth $1,383,645,000 after buying an additional 8,573,686 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Armstrong World Industries during the second quarter valued at about $209,000. Nykredit A S bought a new position in Armstrong World Industries during the second quarter valued at about $302,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new stake in Armstrong World Industries during the second quarter worth about $1,715,000. Institutional investors own 98.93% of the company’s stock.

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.