Armstrong World Industries, Inc. (NYSE:AWI) Receives $100.17 Consensus Price Target from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has earned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $104.60.

Several equities research analysts have weighed in on AWI shares. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and increased their target price for the stock from $75.00 to $103.00 in a report on Thursday, January 4th. Truist Financial boosted their price target on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st.

Armstrong World Industries Trading Down 0.2 %

NYSE AWI opened at $115.73 on Tuesday. Armstrong World Industries has a 12 month low of $62.03 and a 12 month high of $125.56. The company’s 50-day moving average price is $119.86 and its 200-day moving average price is $100.25. The stock has a market cap of $5.07 billion, a PE ratio of 23.15, a PEG ratio of 1.79 and a beta of 1.12. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 0.99.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, February 20th. The construction company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $312.30 million for the quarter, compared to analyst estimates of $305.44 million. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. Equities research analysts forecast that Armstrong World Industries will post 5.74 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries’s payout ratio is presently 22.40%.

Hedge Funds Weigh In On Armstrong World Industries

Several hedge funds and other institutional investors have recently modified their holdings of AWI. Capital International Investors boosted its position in Armstrong World Industries by 1.3% in the fourth quarter. Capital International Investors now owns 4,999,503 shares of the construction company’s stock valued at $491,551,000 after buying an additional 63,618 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Armstrong World Industries by 12.2% in 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 during the last quarter. London Co. of Virginia lifted its holdings in Armstrong World Industries by 1.7% in the 3rd quarter. London Co. of Virginia now owns 2,622,900 shares of the construction company’s stock valued at $188,849,000 after purchasing an additional 45,095 shares in the last quarter. River Road Asset Management LLC boosted its stake in Armstrong World Industries by 2.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,079,825 shares of the construction company’s stock worth $149,747,000 after purchasing an additional 42,927 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Armstrong World Industries by 25.9% during the third quarter. FMR LLC now owns 1,625,940 shares of the construction company’s stock worth $117,068,000 after buying an additional 334,065 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

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.