Armstrong World Industries, Inc. (NYSE:AWI) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $157.57.

AWI has been the topic of several research analyst reports. Bank of America lifted their target price 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. Loop Capital reduced their target price on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group lifted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Truist Financial lifted 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 note on Thursday, February 27th.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC grew its holdings in shares of Armstrong World Industries by 10.9% in the fourth quarter. Ballentine Partners LLC now owns 1,918 shares of the construction company's stock valued at $271,000 after purchasing an additional 188 shares in the last quarter. SG Americas Securities LLC grew its holdings in Armstrong World Industries by 639.8% during the 4th quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company's stock worth $1,022,000 after acquiring an additional 6,251 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Armstrong World Industries during the 4th quarter worth approximately $233,000. Blue Trust Inc. grew its holdings in Armstrong World Industries by 11.4% during the 4th quarter. Blue Trust Inc. now owns 1,591 shares of the construction company's stock worth $209,000 after acquiring an additional 163 shares in the last quarter. Finally, KBC Group NV grew its holdings in Armstrong World Industries by 62.1% during the 4th quarter. KBC Group NV now owns 1,822 shares of the construction company's stock worth $258,000 after acquiring an additional 698 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Shares of NYSE AWI traded up $3.27 during midday trading on Thursday, reaching $157.70. The company had a trading volume of 196,154 shares, compared to its average volume of 275,881. The business's 50-day simple moving average is $143.66 and its 200 day simple moving average is $147.66. The stock has a market cap of $6.85 billion, a P/E ratio of 27.81, a P/E/G ratio of 1.60 and a beta of 1.36. Armstrong World Industries has a 1 year low of $110.68 and a 1 year high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) 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 analysts' expectations of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company posted $1.38 earnings per share. On average, analysts forecast that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is 19.68%.

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.