Bank of America Cuts Armstrong World Industries (NYSE:AWI) Price Target to $210.00

Armstrong World Industries (NYSE:AWI) had its price objective cut by Bank of America from $216.00 to $210.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus price target of $210.00.

Armstrong World Industries Stock Down 0.4%

Armstrong World Industries stock opened at $176.91 on Monday. Armstrong World Industries has a fifty-two week low of $132.81 and a fifty-two week high of $206.08. The stock has a market cap of $7.58 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The firm’s 50-day simple moving average is $174.45 and its 200 day simple moving average is $185.49. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.46.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.06). Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The firm had revenue of $388.30 million for the quarter, compared to analysts’ expectations of $400.87 million. During the same quarter last year, the firm posted $1.50 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts predict that Armstrong World Industries will post 8.36 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were given a $0.339 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s payout ratio is currently 19.07%.

Institutional Trading of Armstrong World Industries

Several hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors raised its position in Armstrong World Industries by 1.0% in the fourth quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock worth $443,736,000 after acquiring an additional 23,133 shares during the period. Bank of Montreal Can raised its position in shares of Armstrong World Industries by 18,679.7% in the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after purchasing an additional 1,272,275 shares during the period. Geode Capital Management LLC raised its position in shares of Armstrong World Industries by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock valued at $194,027,000 after purchasing an additional 61,647 shares during the period. AQR Capital Management LLC raised its position in shares of Armstrong World Industries by 7.8% in the fourth quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock valued at $183,682,000 after purchasing an additional 69,849 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Armstrong World Industries by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 860,799 shares of the construction company’s stock valued at $168,716,000 after purchasing an additional 2,799 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.