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

Shares of Armstrong World Industries, Inc. (NYSE:AWIGet Free Report) have been assigned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $110.17.

Several research firms recently issued reports on AWI. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. UBS Group upped their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their price objective 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. Evercore ISI upped their target price on Armstrong World Industries from $117.00 to $119.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. Finally, Truist Financial increased their price target on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st.

Get Our Latest Analysis on AWI

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd increased its stake in Armstrong World Industries by 20.4% during the first quarter. Covestor Ltd now owns 596 shares of the construction company’s stock valued at $74,000 after acquiring an additional 101 shares during the period. UMB Bank n.a. grew its holdings in shares of Armstrong World Industries by 67.3% during the 1st quarter. UMB Bank n.a. now owns 261 shares of the construction company’s stock worth $32,000 after purchasing an additional 105 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Armstrong World Industries by 25.3% during the first quarter. GAMMA Investing LLC now owns 620 shares of the construction company’s stock valued at $77,000 after purchasing an additional 125 shares during the period. HighTower Advisors LLC raised its stake in shares of Armstrong World Industries by 1.1% in the third quarter. HighTower Advisors LLC now owns 13,733 shares of the construction company’s stock valued at $986,000 after purchasing an additional 143 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Armstrong World Industries by 3.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,291 shares of the construction company’s stock worth $309,000 after purchasing an additional 159 shares during the period. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $114.83 on Friday. Armstrong World Industries has a fifty-two week low of $62.03 and a fifty-two week high of $125.56. The stock’s 50-day moving average is $118.51 and its two-hundred day moving average is $106.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.22. The firm has a market cap of $5.02 billion, a P/E ratio of 21.58, a PEG ratio of 1.73 and a beta of 1.12.

Armstrong World Industries (NYSE:AWIGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.15. The firm had revenue of $326.30 million for the quarter, compared to the consensus estimate of $319.44 million. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. Analysts predict that Armstrong World Industries will post 5.89 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. Armstrong World Industries’s payout ratio is 21.05%.

About Armstrong World Industries

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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.

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Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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