Armstrong World Industries (NYSE:AWI) Price Target Cut to $210.00 by Analysts at Bank of America

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

A number of other research analysts have also recently commented on AWI. Jefferies Financial Group restated a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.00.

Armstrong World Industries Stock Up 0.4%

NYSE:AWI opened at $180.29 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $175.44 and its two-hundred day moving average is $185.69. Armstrong World Industries has a 52 week low of $128.65 and a 52 week high of $206.08. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $400.87 million. During the same quarter last year, the company earned $1.50 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts anticipate that Armstrong World Industries will post 8.36 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were paid a $0.339 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 5th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.21%.

Institutional Trading of Armstrong World Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of AWI. Bank of Montreal Can raised its stake in 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 buying an additional 1,272,275 shares in the last quarter. Norges Bank acquired a new stake in Armstrong World Industries in the fourth quarter valued at $107,716,000. Northwestern Mutual Wealth Management Co. raised its stake in Armstrong World Industries by 33,007.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after buying an additional 471,675 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Armstrong World Industries in the fourth quarter valued at $84,143,000. Finally, SurgoCap Partners LP acquired a new stake in Armstrong World Industries in the fourth quarter valued at $72,020,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

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.