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

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $207.50.

A number of equities analysts have commented on AWI shares. Wall Street Zen lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. UBS Group boosted their target price on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st.

Institutional Investors Weigh In On Armstrong World Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in shares of Armstrong World Industries during the third quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in Armstrong World Industries by 77.0% during the 4th quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after buying an additional 57 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Armstrong World Industries in the 4th quarter valued at $27,000. Twin Peaks Wealth Advisors LLC bought a new position in Armstrong World Industries in the 2nd quarter valued at $32,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Armstrong World Industries by 124.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $192.15 on Friday. The firm has a market capitalization of $8.29 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.73 and a beta of 1.33. The stock has a fifty day moving average price of $192.88 and a two-hundred day moving average price of $192.88. Armstrong World Industries has a 52-week low of $122.37 and a 52-week high of $206.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be issued a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, March 5th. Armstrong World Industries’s payout ratio is currently 19.46%.

About Armstrong World Industries

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.