Armstrong World Industries, Inc. (NYSE:AWI) Receives $140.83 Consensus PT from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has earned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $140.83.

A number of analysts recently commented on AWI shares. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Evercore ISI boosted their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. UBS Group raised 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 report on Wednesday, October 30th. Loop Capital upped their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Truist Financial lifted their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

Institutional Trading of Armstrong World Industries

Several institutional investors and hedge funds have recently bought and sold shares of AWI. Assenagon Asset Management S.A. raised its position in shares of Armstrong World Industries by 107.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 64,316 shares of the construction company’s stock valued at $7,283,000 after acquiring an additional 33,290 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Armstrong World Industries by 35.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,524 shares of the construction company’s stock worth $2,437,000 after buying an additional 5,637 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Armstrong World Industries in the 1st quarter valued at about $818,000. Natixis Advisors LLC grew its position in shares of Armstrong World Industries by 16.0% during the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after buying an additional 67,798 shares during the last quarter. Finally, Quest Partners LLC raised its stake in Armstrong World Industries by 32.9% during the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock worth $2,625,000 after acquiring an additional 4,945 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $159.14 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The firm’s 50-day simple moving average is $143.79 and its 200 day simple moving average is $128.29. Armstrong World Industries has a 52 week low of $89.87 and a 52 week high of $164.40. The firm has a market capitalization of $6.94 billion, a PE ratio of 28.19, a P/E/G ratio of 2.04 and a beta of 1.13.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.60 EPS. On average, equities research analysts predict that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.308 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.23 annualized dividend and a dividend yield of 0.77%. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s payout ratio is presently 21.69%.

Armstrong World Industries Company Profile

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.