Armstrong World Industries Stock Today

AWI Stock  USD 124.22  0.25  0.20%   

Performance

16 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
Armstrong World is trading at 124.22 as of the 28th of March 2024. This is a -0.2 percent decrease since the beginning of the trading day. The stock's open price was 124.47. Armstrong World has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Armstrong World Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
18th of October 2006
Category
Industrials
Armstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company has 43.81 M outstanding shares of which 1.25 M shares are presently shorted by investors with about 3.03 days to cover. More on Armstrong World Industries

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Armstrong Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Armstrong World's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Armstrong World or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOVictor Grizzle
Thematic IdeaRubber and Plastic Products (View all Themes)
Old NameALLIED HLTHCR PRODS
Business ConcentrationBuilding Products, Building Products & Equipment, Industrials, NYSE Composite, SP Small-Cap 600, PHLX Housing, Rubber and Plastic Products, Industrials, Building Products, Building Products & Equipment, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Armstrong World report their recommendations after researching Armstrong World's financial statements, talking to executives and customers, or listening in on Armstrong World's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Armstrong World Indu. The Armstrong consensus assessment is calculated by taking the average forecast from all of the analysts covering Armstrong World.
Financial Strength
Based on the measurements of operating efficiency obtained from Armstrong World's historical financial statements, Armstrong World Industries is performing exceptionally good at this time. It has a great probability to report excellent financial results in April. Financial strength of Armstrong World Indu is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.90.7745
Fairly Up
Slightly volatile
Gross Profit Margin0.230.3837
Way Down
Slightly volatile
Net Debt378.3 M569.6 M
Way Down
Very volatile
Total Current Liabilities309.7 M194.5 M
Way Up
Slightly volatile
Non Current Liabilities Total841.8 M886.1 M
Notably Down
Slightly volatile
Total Assets2.2 B1.7 B
Significantly Up
Slightly volatile
Total Current Assets297.4 M313 M
Notably Down
Slightly volatile
Total Cash From Operating Activities204.7 M233.5 M
Fairly Down
Pretty Stable
Armstrong World's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Armstrong World's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Armstrong World's financial leverage. It provides some insight into what part of Armstrong World's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Armstrong World's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Armstrong World deploys its capital and how much of that capital is borrowed.
Liquidity
Armstrong World cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 640.4 M in debt with debt to equity (D/E) ratio of 1.38, which is OK given its current industry classification. Armstrong World Indu has a current ratio of 1.63, which is typical for the industry and considered as normal. Debt can assist Armstrong World until it has trouble settling it off, either with new capital or with free cash flow. So, Armstrong World's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Armstrong World Indu sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Armstrong to invest in growth at high rates of return. When we think about Armstrong World's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(89.87 Million)
Armstrong World Industries (AWI) is traded on New York Stock Exchange in USA. It is located in 2500 Columbia Avenue, Lancaster, PA, United States, 17603 and employs 3,100 people. Armstrong World is listed under Building Products category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 5.41 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Armstrong World's market, we take the total number of its shares issued and multiply it by Armstrong World's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Armstrong World Indu runs under Building Products sector within Industrials industry. The entity has 43.81 M outstanding shares of which 1.25 M shares are presently shorted by investors with about 3.03 days to cover. Armstrong World Industries has about 106 M in cash with 233.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.9.
Check Armstrong World Probability Of Bankruptcy
Ownership Allocation
Armstrong World Indu retains a total of 43.81 Million outstanding shares. The majority of Armstrong World Industries outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Armstrong World Indu to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Armstrong World. Please pay attention to any change in the institutional holdings of Armstrong World Industries as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Armstrong Ownership Details

Armstrong Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Armstrong World jumping above the current price in 90 days from now is about 8.49%. The Armstrong World Industries probability density function shows the probability of Armstrong World stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Armstrong World has a beta of 0.9441. This suggests Armstrong World Industries market returns are responsive to returns on the market. As the market goes up or down, Armstrong World is expected to follow. Additionally, armstrong World Industries has an alpha of 0.2458, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 124.22HorizonTargetOdds Above 124.22
91.45%90 days
 124.22 
8.49%
Based on a normal probability distribution, the odds of Armstrong World to move above the current price in 90 days from now is about 8.49 (This Armstrong World Industries probability density function shows the probability of Armstrong Stock to fall within a particular range of prices over 90 days) .

Armstrong Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Armstrong World that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Armstrong World's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Armstrong World's value.
InstituionRecorded OnShares
Yacktman Asset Management Co2023-12-31
1.2 M
Timucuan Asset Management Inc/fl2023-12-31
1.1 M
Burgundy Asset Management Ltd2023-12-31
1.1 M
Dimensional Fund Advisors, Inc.2023-12-31
M
Van Berkom And Associates Inc2023-12-31
937.2 K
Gates Capital Management Inc2023-12-31
887.9 K
Citadel Advisors Llc2023-09-30
764 K
Geode Capital Management, Llc2023-12-31
661 K
Ameriprise Financial Inc2023-12-31
598.1 K
Blackrock Inc2023-12-31
5.6 M
Capital Research & Mgmt Co - Division 32023-12-31
M
View Armstrong World Diagnostics

Armstrong World Historical Income Statement

Armstrong World Industries Income Statement is one of the three primary financial statements used for reporting Armstrong's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Armstrong World Indu revenue and expense. Armstrong World Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Armstrong World's Total Revenue is decreasing as compared to previous years. The Armstrong World's current Other Operating Expenses is estimated to increase to about 1.6 B, while Gross Profit is projected to decrease to under 481.3 M. View More Fundamentals

Armstrong Stock Against Markets

Picking the right benchmark for Armstrong World stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Armstrong World stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Armstrong World is critical whether you are bullish or bearish towards Armstrong World Industries at a given time. Please also check how Armstrong World's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Armstrong World without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Armstrong World Corporate Directors

Armstrong World corporate directors refer to members of an Armstrong World board of directors. The board of directors generally takes responsibility for the Armstrong World's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Armstrong World's board members must vote for the resolution. The Armstrong World board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gregory SpivyDirectorProfile
Roy TemplinIndependent DirectorProfile
Tao HuangIndependent DirectorProfile
Larry McWilliamsIndependent DirectorProfile

How to buy Armstrong Stock?

Before investing in Armstrong World, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Armstrong World. To buy Armstrong World stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Armstrong World. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Armstrong World stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Armstrong World Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Armstrong World Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Armstrong World Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Armstrong Stock please use our How to Invest in Armstrong World guide.

Already Invested in Armstrong World Industries?

The danger of trading Armstrong World Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Armstrong World is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Armstrong World. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Armstrong World Indu is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Armstrong World Indu offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Armstrong World's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Armstrong World Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Armstrong World Industries Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Armstrong World Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
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When running Armstrong World's price analysis, check to measure Armstrong World's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Armstrong World is operating at the current time. Most of Armstrong World's value examination focuses on studying past and present price action to predict the probability of Armstrong World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Armstrong World's price. Additionally, you may evaluate how the addition of Armstrong World to your portfolios can decrease your overall portfolio volatility.
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Is Armstrong World's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Armstrong World. If investors know Armstrong will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Armstrong World listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
1.068
Earnings Share
4.98
Revenue Per Share
28.975
Quarterly Revenue Growth
0.026
The market value of Armstrong World Indu is measured differently than its book value, which is the value of Armstrong that is recorded on the company's balance sheet. Investors also form their own opinion of Armstrong World's value that differs from its market value or its book value, called intrinsic value, which is Armstrong World's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Armstrong World's market value can be influenced by many factors that don't directly affect Armstrong World's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Armstrong World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Armstrong World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Armstrong World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.