Armstrong World Industries (AWI) Stock Price, News & Analysis

Company Overview

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. It serves commercial and residential construction markets, as well as renovation of existing buildings sectors. The company sells its products to resale distributors, ceiling system contractors, wholesalers, and retailers comprising large home centers. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania.

Key Stats

• Today's Range: $152.73 to $154.55
• 50-Day Range: $124.01 to $155.24
• 52-Week Range: $82.63 to $157.51
• Volume: 120,547 shs
• Average Volume: 305,237 shs
• Market Capitalization: $6.73 billion
• P/E Ratio: 27.24
• Dividend Yield: 0.80%
• Price Target: $140.83
• Consensus Rating: Hold

Armstrong World Industries Stock Analysis - MarketRank™

Armstrong World Industries scored higher than 89% of companies evaluated by MarketBeat, and ranked 23rd out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Armstrong World Industries has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Armstrong World Industries has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.52%

Earnings Growth

Earnings for Armstrong World Industries are expected to grow by 10.52% in the coming year, from $6.18 to $6.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Armstrong World Industries is 27.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Armstrong World Industries is 27.24, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 29.79.

Price to Earnings Growth Ratio

Armstrong World Industries has a PEG Ratio of 1.96. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Armstrong World Industries has a P/B Ratio of 11.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.11% of the float of Armstrong World Industries has been sold short.

Short Interest Ratio / Days to Cover

Armstrong World Industries has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Armstrong World Industries has recently decreased by 14.04%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Armstrong World Industries has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Armstrong World Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Armstrong World Industries is 21.69%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Armstrong World Industries will have a dividend payout ratio of 18.01% next year. This indicates that Armstrong World Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -3.04

Percentage of Shares Shorted

1.11% of the float of Armstrong World Industries has been sold short.

Short Interest Ratio / Days to Cover

Armstrong World Industries has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Armstrong World Industries has recently decreased by 14.04%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.04

News Sentiment

Armstrong World Industries has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Armstrong World Industries this week, compared to 5 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Armstrong World Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.35% of the stock of Armstrong World Industries is held by insiders.

Percentage Held by Institutions

98.93% of the stock of Armstrong World Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AWI Stock Analysis - Frequently Asked Questions

How have AWI shares performed this year?

Armstrong World Industries' stock was trading at $98.32 on January 1st, 2024. Since then, AWI stock has increased by 57.1% and is now trading at $154.47.
View the best growth stocks for 2024 here.

How were Armstrong World Industries' earnings last quarter?

Armstrong World Industries, Inc. (NYSE:AWI) issued its earnings results on Tuesday, October, 29th. The construction company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.06. The company's revenue was up 11.3% on a year-over-year basis.

Does Armstrong World Industries have any subsidiaries?

Armstrong World Industries subsidiaries include these companies: Arktura LLC, Moz Designs, Turf Design, MRK Industries Inc, Architectural Components Group Inc, Steel Ceilings Inc, Plasterform, and more.

Who are Armstrong World Industries' major shareholders?

Armstrong World Industries' top institutional shareholders include State Street Corp (3.34%), Yacktman Asset Management LP (2.27%), Geode Capital Management LLC (1.95%) and Natixis Advisors LLC (1.13%). Insiders that own company stock include Victor Grizzle and Mark A Hershey.
View institutional ownership trends.

How do I buy shares of Armstrong World Industries?

Shares of AWI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Armstrong World Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Armstrong World Industries investors own include Humana (HUM), American Water Works (AWK), TotalEnergies (TTE), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR) and NVIDIA (NVDA).

Company Calendar

• Ex-Dividend for 8/22 Dividend: 8/08/2024
• Dividend Payable: 8/22/2024
• Last Earnings: 10/29/2024
• Ex-Dividend for 11/21 Dividend: 11/07/2024
• Today: 11/20/2024
• Dividend Payable: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Plastics products, not elsewhere classified
• Sub-Industry: Building Products
• Current Symbol: NYSE:AWI
• CUSIP: 04247X10
• CIK: 7431
• Web: www.armstrongceilings.com
• Phone: (717) 397-0611
• Fax: 717-396-6133
• Employees: 3,100
• Year Founded: 1860

Price Target and Rating

• Average Stock Price Target: $140.83
• High Stock Price Target: $162.00
• Low Stock Price Target: $122.00
• Potential Upside/Downside: -8.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.67
• Trailing P/E Ratio: 27.24
• Forward P/E Ratio: 25.00
• P/E Growth: 1.96
• Net Income: $223.80 million
• Net Margins: 17.95%
• Pretax Margin: 23.86%
• Return on Equity: 40.67%
• Return on Assets: 15.16%

Debt

• Debt-to-Equity Ratio: 0.78
• Current Ratio: 1.64
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: $1.30 billion
• Price / Sales: 5.20
• Cash Flow: $7.46 per share
• Price / Cash Flow: 20.71
• Book Value: $13.40 per share
• Price / Book: 11.53

Miscellaneous

• Outstanding Shares: 43,590,000
• Free Float: 43,000,000
• Market Cap: $6.73 billion
• Optionable: Optionable
• Beta: 1.13