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

Key Points

• Armstrong World Industries has received a consensus rating of "Moderate Buy" from eight brokerages, with three holding ratings and five buy ratings.
• The average 12-month price target set by analysts for Armstrong World Industries is $197.14, with targets ranging from $178.00 to $200.00.
• The company reported a quarterly earnings per share (EPS) of $1.36 and has a dividend yield of 0.6%, reflecting its stable financial position and growth potential.

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $197.1429.

Several brokerages have issued reports on AWI. 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. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Saturday, September 20th. Evercore ISI upped their price objective on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price objective on shares of Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th.

Armstrong World Industries Trading Up 0.7%

Shares of NYSE AWI opened at $199.40 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. Armstrong World Industries has a 52-week low of $122.37 and a 52-week high of $202.07. The firm has a 50 day moving average price of $195.90 and a two-hundred day moving average price of $169.81. The stock has a market cap of $8.63 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The firm had revenue of $325.00 million during the quarter. As a group, equities analysts forecast that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 7th. Armstrong World Industries's dividend payout ratio is currently 18.20%.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors have recently modified their holdings of AWI. Norges Bank bought a new stake in shares of Armstrong World Industries in the 2nd quarter valued at $84,412,000. Adage Capital Partners GP L.L.C. boosted its stake in Armstrong World Industries by 121.3% during the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company's stock worth $119,718,000 after acquiring an additional 404,000 shares in the last quarter. AQR Capital Management LLC boosted its stake in Armstrong World Industries by 118.6% during the second quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company's stock worth $88,206,000 after acquiring an additional 294,646 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Armstrong World Industries by 131.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock worth $62,060,000 after acquiring an additional 250,133 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Armstrong World Industries by 34.0% during the first quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock worth $95,886,000 after acquiring an additional 172,779 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

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.

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