Armstrong World Industries, Inc. (NYSE:AWI) Receives Average Recommendation of “Hold” from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have received an average rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $104.60.

AWI has been the subject of several research reports. The Goldman Sachs Group boosted 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. Truist Financial upped their price target on Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. UBS Group raised Armstrong World Industries from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. Finally, StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th.

Institutional Trading of Armstrong World Industries

A number of hedge funds have recently made changes to their positions in the company. Mutual of America Capital Management LLC acquired a new stake in Armstrong World Industries during the 4th quarter valued at $760,000. Dark Forest Capital Management LP purchased a new stake in shares of Armstrong World Industries during the third quarter worth about $1,630,000. State of Alaska Department of Revenue lifted its stake in shares of Armstrong World Industries by 211.3% in the fourth quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company’s stock worth $3,936,000 after acquiring an additional 27,179 shares in the last quarter. Barclays PLC boosted its holdings in Armstrong World Industries by 42.2% in the third quarter. Barclays PLC now owns 24,225 shares of the construction company’s stock valued at $1,743,000 after purchasing an additional 7,186 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Armstrong World Industries during the 3rd quarter valued at approximately $244,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $118.82 on Tuesday. The stock has a fifty day moving average price of $120.37 and a 200 day moving average price of $101.29. Armstrong World Industries has a 52 week low of $62.03 and a 52 week high of $125.56. The firm has a market capitalization of $5.21 billion, a P/E ratio of 23.76, 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 posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The company had revenue of $312.30 million during the quarter, compared to the consensus estimate of $305.44 million. During the same quarter in the prior year, the company posted $1.08 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Armstrong World Industries will post 5.74 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio is presently 22.40%.

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.