Armstrong World Industries, Inc. (NYSE:AWI) Receives $153.33 Average PT from Analysts

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has been assigned an average recommendation of "Hold" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $155.50.

A number of equities analysts have commented on AWI shares. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Truist Financial upped their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group lifted their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Loop Capital reduced their target price on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, UBS Group raised their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th.

Hedge Funds Weigh In On Armstrong World Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tealwood Asset Management Inc. lifted its position in Armstrong World Industries by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock valued at $1,313,000 after purchasing an additional 71 shares during the period. Arizona State Retirement System lifted its holdings in Armstrong World Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock valued at $1,792,000 after acquiring an additional 82 shares during the period. Elevation Point Wealth Partners LLC grew its stake in shares of Armstrong World Industries by 5.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company's stock worth $221,000 after purchasing an additional 84 shares during the period. Tidal Investments LLC increased its holdings in shares of Armstrong World Industries by 1.8% in the 4th quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock valued at $740,000 after purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Armstrong World Industries by 6.7% during the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock worth $215,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

NYSE AWI traded up $2.89 on Friday, reaching $147.91. 9,629 shares of the company's stock traded hands, compared to its average volume of 273,189. Armstrong World Industries has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.60 and a beta of 1.20. The stock has a 50 day moving average price of $140.45 and a 200-day moving average price of $145.98.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. The business had revenue of $382.70 million during the quarter, compared to the consensus estimate of $370.71 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 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Equities research analysts predict that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.308 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.83%. Armstrong World Industries's dividend payout ratio (DPR) is presently 20.40%.

Armstrong World Industries Company Profile

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.