Armstrong World Industries, Inc. (AWI) to Issue Quarterly Dividend of $0.34 on May 26th

Armstrong World Industries, Inc. (NYSE:AWI) announced a quarterly dividend on Friday, April 24th. Shareholders of record on Monday, May 11th will be paid a dividend of 0.339 per share by the construction company on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th.

Armstrong World Industries has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Armstrong World Industries has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Armstrong World Industries to earn $9.39 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 14.4%.

Armstrong World Industries Stock Performance

AWI traded down $3.23 during trading on Friday, hitting $161.85. The company’s stock had a trading volume of 324,388 shares, compared to its average volume of 417,072. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. Armstrong World Industries has a one year low of $149.06 and a one year high of $206.08. The firm has a market cap of $6.91 billion, a PE ratio of 22.96, a P/E/G ratio of 1.79 and a beta of 1.21. The business’s 50 day simple moving average is $170.15 and its 200-day simple moving average is $183.71.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.13). The business had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, sell-side analysts predict that Armstrong World Industries will post 8.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Armstrong World Industries during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC lifted its stake in Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock valued at $25,000 after acquiring an additional 57 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. lifted its stake in shares of Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after purchasing an additional 98 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Armstrong World Industries by 426.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

About Armstrong World Industries

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.