Armstrong World Industries, Inc. (NYSE:AWI) Receives $207.50 Average Price Target from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $207.50.

A number of brokerages have commented on AWI. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Vertical Research initiated coverage on Armstrong World Industries in a report on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $196.45 on Friday. Armstrong World Industries has a twelve month low of $122.37 and a twelve month high of $206.08. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.71 and a beta of 1.32. The firm has a 50-day moving average of $188.15 and a two-hundred day moving average of $186.72.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The company had revenue of $325.00 million for the quarter. As a group, analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.339 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s payout ratio is currently 19.46%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Armstrong World Industries during the second quarter worth about $32,000. Ameriflex Group Inc. acquired a new stake in Armstrong World Industries during the third quarter valued at approximately $35,000. CIBC Private Wealth Group LLC grew its stake in shares of Armstrong World Industries by 426.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after purchasing an additional 145 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Armstrong World Industries by 70.0% in the 3rd quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.