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

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has been given a consensus rating of "Hold" by the six brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $155.50.

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

Armstrong World Industries Stock Up 1.3 %

AWI traded up $1.90 during trading on Friday, reaching $146.92. 353,984 shares of the stock traded hands, compared to its average volume of 274,472. The stock's 50-day simple moving average is $140.47 and its two-hundred day simple moving average is $146.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.11. The business had revenue of $382.70 million during the quarter, compared to analyst estimates of $370.71 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. As a group, equities research analysts expect that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.84%. Armstrong World Industries's dividend payout ratio is presently 20.40%.

Institutional Trading of Armstrong World Industries

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

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.