Armstrong World Industries (NYSE:AWI) Board of Directors Declares Share Buyback Program

Armstrong World Industries (NYSE:AWI) announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 21st, RTT News reports. The company plans to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Armstrong World Industries Trading Down 0.6%

NYSE AWI opened at $151.35 on Wednesday. Armstrong World Industries has a 1 year low of $150.28 and a 1 year high of $206.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The company has a market capitalization of $6.46 billion, a PE ratio of 21.47, a P/E/G ratio of 1.65 and a beta of 1.17. The company has a fifty day moving average of $156.57 and a 200 day moving average of $171.58.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same period last year, the business earned $1.66 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Research analysts forecast that Armstrong World Industries will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a dividend of $0.339 per share. The ex-dividend date was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. Armstrong World Industries’s dividend payout ratio (DPR) is 19.29%.

Analysts Set New Price Targets

Several research firms have recently commented on AWI. UBS Group reduced their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Bank of America cut their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Evercore set a $200.00 target price on shares of Armstrong World Industries in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus target price of $211.86.

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.