Armstrong World Industries, Inc. (NYSE:AWI) Increases Dividend to $0.37 Per Share

Armstrong World Industries, Inc. (NYSE:AWI) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.3730 per share by the construction company on Thursday, November 19th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 10.0% increase from Armstrong World Industries’s previous quarterly dividend of $0.3390.

Armstrong World Industries has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 1 years. Armstrong World Industries has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Armstrong World Industries to earn $9.52 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 14.2%.

Armstrong World Industries Stock Performance

Shares of NYSE:AWI traded up $3.99 during midday trading on Thursday, hitting $172.73. The company’s stock had a trading volume of 55,055 shares, compared to its average volume of 463,131. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. The stock’s 50 day simple moving average is $168.33 and its 200 day simple moving average is $165.66. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.65 and a beta of 1.16. Armstrong World Industries has a fifty-two week low of $150.28 and a fifty-two week high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%. The company had revenue of $472.00 million during the quarter, compared to analyst estimates of $461.67 million. During the same period in the previous year, the company earned $2.09 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, research analysts anticipate that Armstrong World Industries will post 8.39 earnings per share for the current year.

Institutional Investors Weigh In On Armstrong World Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of AWI. Root Financial Partners LLC acquired a new stake in shares of Armstrong World Industries in the third quarter valued at approximately $156,000. Cooke & Bieler LP increased its position in Armstrong World Industries by 71.1% during the third quarter. Cooke & Bieler LP now owns 392,406 shares of the construction company’s stock worth $63,542,000 after buying an additional 163,028 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Armstrong World Industries by 24.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,375 shares of the construction company’s stock valued at $223,000 after purchasing an additional 273 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Armstrong World Industries by 103.4% during the third quarter. Diversify Advisory Services LLC now owns 8,421 shares of the construction company’s stock worth $1,403,000 after acquiring an additional 4,281 shares during the last quarter. Finally, Novem Group boosted its stake in Armstrong World Industries by 6.4% in the 3rd quarter. Novem Group now owns 6,446 shares of the construction company’s stock valued at $1,044,000 after purchasing an additional 386 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

About Armstrong World Industries

Armstrong World Industries, Inc is a building products company that designs and manufactures ceiling, wall and other architectural solutions. Its products are used in commercial, institutional and residential spaces to support acoustical performance, interior design, comfort and functionality.

The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; suspension systems; acoustical clouds and canopies; wall systems; partitions; and specialty architectural products.