Armstrong World Industries, Inc. (NYSE:AWI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been given a consensus rating of “Moderate Buy” by the four analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $135.75.

Several equities analysts have weighed in on the company. Truist Financial increased their price objective on Armstrong World Industries from $131.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Evercore ISI increased their price target on Armstrong World Industries from $119.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. UBS Group lifted their target price on shares of Armstrong World Industries from $122.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group upped their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday.

Hedge Funds Weigh In On Armstrong World Industries

A number of institutional investors have recently made changes to their positions in AWI. Price T Rowe Associates Inc. MD raised its holdings in shares of Armstrong World Industries by 56.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company’s stock valued at $155,991,000 after buying an additional 569,824 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Armstrong World Industries by 12.2% during the fourth quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock worth $468,315,000 after acquiring an additional 517,699 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Armstrong World Industries in the 1st quarter worth approximately $39,183,000. Jupiter Asset Management Ltd. boosted its stake in shares of Armstrong World Industries by 1,369.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock valued at $27,872,000 after purchasing an additional 229,378 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Armstrong World Industries by 35.0% during the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock valued at $48,049,000 after purchasing an additional 110,111 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.0 %

AWI stock traded up $1.28 during trading on Wednesday, reaching $135.36. The stock had a trading volume of 214,518 shares, compared to its average volume of 315,905. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 1.88 and a beta of 1.14. Armstrong World Industries has a one year low of $68.35 and a one year high of $136.35. The company’s 50 day moving average is $126.18 and its two-hundred day moving average is $120.51.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.07. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. Equities research analysts forecast that Armstrong World Industries will post 6.07 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.12 annualized dividend and a dividend yield of 0.83%. Armstrong World Industries’s payout ratio is currently 21.05%.

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.