Armstrong World Industries (NYSE:AWI) Issues Quarterly Earnings Results
by Scott Moore · The Cerbat GemArmstrong World Industries (NYSE:AWI – Get Free Report) issued its earnings results on Tuesday. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13), FiscalAI reports. The company had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.86 million. Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.Armstrong World Industries’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.66 EPS. Armstrong World Industries updated its FY 2026 guidance to 8.150-8.450 EPS.
Armstrong World Industries Stock Down 6.0%
Shares of NYSE AWI traded down $10.71 during mid-day trading on Tuesday, reaching $167.05. 187,088 shares of the company’s stock were exchanged, compared to its average volume of 525,166. Armstrong World Industries has a twelve month low of $137.45 and a twelve month high of $206.08. The company has a current ratio of 1.46, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.97 and a beta of 1.32. The business has a fifty day simple moving average of $173.21 and a 200 day simple moving average of $185.00.
Armstrong World Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be issued a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, May 11th. Armstrong World Industries’s dividend payout ratio is 19.21%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Bank of America decreased their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.
Get Our Latest Report on Armstrong World Industries
Institutional Trading of Armstrong World Industries
A number of large investors have recently bought and sold shares of the business. Advisory Services Network LLC raised its stake in Armstrong World Industries by 4.3% in the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the construction company’s stock valued at $325,000 after buying an additional 70 shares during the period. US Bancorp DE lifted 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 valued at $100,000 after buying an additional 79 shares during the last quarter. IHT Wealth Management LLC boosted its stake in shares of Armstrong World Industries by 7.9% during the 4th quarter. IHT Wealth Management LLC now owns 1,167 shares of the construction company’s stock worth $223,000 after acquiring an additional 85 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of Armstrong World Industries by 1.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,349 shares of the construction company’s stock worth $1,595,000 after acquiring an additional 100 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Armstrong World Industries by 7.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,536 shares of the construction company’s stock worth $293,000 after acquiring an additional 107 shares during the last quarter. 98.93% of the stock is owned by institutional investors.
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.