Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Investors of record on Thursday, November 7th will be given a dividend of 0.308 per share by the construction company on Thursday, November 21st. This represents a $1.23 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, November 7th.
Armstrong World Industries has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Armstrong World Industries to earn $6.70 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 16.7%.
Armstrong World Industries Stock Up 1.3 %
AWI stock opened at $140.02 on Friday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.92 and a beta of 1.14. Armstrong World Industries has a twelve month low of $72.23 and a twelve month high of $142.33. The business has a 50 day moving average price of $130.01 and a two-hundred day moving average price of $121.84. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on AWI. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Jefferies Financial Group upped their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Truist Financial lifted their target price on Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group increased their price target on Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Evercore ISI raised their price target on Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.00.
Check Out Our Latest Analysis on AWI
Armstrong World Industries Company Profile
Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.
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