Armstrong World Industries, Inc. (NYSE:AWI) Receives $153.33 Consensus Price Target from Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have earned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $153.33.

AWI has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Truist Financial increased their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, UBS Group lifted their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On Armstrong World Industries

Large investors have recently bought and sold shares of the business. Natixis Advisors LLC grew its stake in shares of Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock worth $64,678,000 after buying an additional 67,798 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Armstrong World Industries by 32.9% in the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after acquiring an additional 4,945 shares during the last quarter. Geode Capital Management LLC grew its position in Armstrong World Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after acquiring an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Armstrong World Industries by 89.2% during the third quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock worth $1,447,000 after acquiring an additional 5,191 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Armstrong World Industries by 230.1% during the third quarter. Victory Capital Management Inc. now owns 43,430 shares of the construction company’s stock worth $5,708,000 after acquiring an additional 30,273 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 3.0 %

Shares of NYSE:AWI opened at $140.10 on Friday. The stock has a 50 day moving average of $148.59 and a 200 day moving average of $143.99. The company has a market cap of $6.09 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. Armstrong World Industries has a 12-month low of $110.68 and a 12-month high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 earnings per share. As a group, equities research analysts expect that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.88%. Armstrong World Industries’s dividend payout ratio is currently 20.40%.

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.