Armstrong World Industries, Inc. (NYSE:AWI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $104.60.

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

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Armstrong World Industries by 56.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company’s stock worth $155,991,000 after buying an additional 569,824 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Armstrong World Industries by 12.2% in the 4th quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock valued at $468,315,000 after acquiring an additional 517,699 shares during the period. Norges Bank bought a new position in Armstrong World Industries during the 4th quarter worth approximately $42,297,000. FMR LLC grew its holdings in Armstrong World Industries by 25.9% during the third quarter. FMR LLC now owns 1,625,940 shares of the construction company’s stock valued at $117,068,000 after purchasing an additional 334,065 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Armstrong World Industries in the first quarter valued at approximately $39,183,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 1.6 %

AWI stock opened at $118.82 on Tuesday. The business has a fifty day moving average price of $120.37 and a 200 day moving average price of $101.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. Armstrong World Industries has a fifty-two week low of $62.03 and a fifty-two week high of $125.56. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.79 and a beta of 1.12.

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

Armstrong World Industries Dividend Announcement

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

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.