Armstrong World Industries, Inc. (NYSE:AWI) Announces $0.31 Quarterly Dividend

Armstrong World Industries, Inc. (NYSE:AWI) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.308 per share by the construction company on Thursday, March 20th. This represents a $1.23 annualized dividend and a dividend yield of 0.81%.

Armstrong World Industries has increased its dividend payment by an average of 10.1% annually over the last three years. Armstrong World Industries has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Armstrong World Industries to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 17.9%.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $152.26 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The company’s fifty day moving average price is $147.86 and its 200 day moving average price is $141.09. The stock has a market capitalization of $6.64 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.67 and a beta of 1.19. Armstrong World Industries has a 1 year low of $110.31 and a 1 year high of $164.40.

Analyst Upgrades and Downgrades

AWI has been the subject of a number of research reports. UBS Group boosted their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Loop Capital boosted their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Hold” and a consensus price target of $140.83.

About Armstrong World Industries

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.