Armstrong World Industries, Inc. (NYSE:AWI) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Armstrong World Industries, Inc. has a consensus rating of "Moderate Buy" from eight analysts, with an average 1-year price target of $177.13.
• The company recently reported a quarterly earnings per share of $2.09, exceeding analysts' expectations of $1.75, alongside a revenue increase of 16.3% year-over-year.
• Armstrong World Industries also announced a quarterly dividend of $0.308, representing a 0.6% yield, with a payout ratio of 18.20%.

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $177.1250.

Several brokerages have issued reports on AWI. Truist Financial set a $195.00 price target on shares of Armstrong World Industries and gave the company a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on shares of Armstrong World Industries in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Bank of America upped their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Evercore ISI upped their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th.

Armstrong World Industries Stock Performance

Shares of NYSE:AWI opened at $189.56 on Tuesday. The company's 50 day moving average price is $163.24 and its two-hundred day moving average price is $152.03. Armstrong World Industries has a 12-month low of $117.92 and a 12-month high of $191.74. The firm has a market cap of $8.20 billion, a PE ratio of 28.04, a PEG ratio of 2.07 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The company had revenue of $424.60 million during the quarter, compared to the consensus estimate of $404.05 million. During the same quarter in the prior year, the firm posted $1.62 EPS. The firm's quarterly revenue was up 16.3% on a year-over-year basis. Equities research analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.308 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.23 annualized dividend and a dividend yield of 0.6%. Armstrong World Industries's dividend payout ratio (DPR) is presently 18.20%.

Hedge Funds Weigh In On Armstrong World Industries

Several large investors have recently modified their holdings of AWI. Wealth Enhancement Advisory Services LLC grew its stake in Armstrong World Industries by 113.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock valued at $672,000 after acquiring an additional 2,538 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Armstrong World Industries by 194.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company's stock valued at $683,000 after acquiring an additional 3,200 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Armstrong World Industries during the fourth quarter valued at approximately $2,326,000. Golden State Wealth Management LLC grew its stake in Armstrong World Industries by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after acquiring an additional 140 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Armstrong World Industries by 9.2% during the first quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company's stock valued at $283,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

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.

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