Armstrong World Industries, Inc. (NYSE:AWI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Armstrong World Industries has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $181.50.
• The company reported a 16.3% increase in revenue year-over-year, achieving $424.60 million for the quarter, and earnings per share reached $2.09, exceeding expectations.
• Armstrong World Industries recently announced a quarterly dividend of $0.308 per share, representing an annualized yield of 0.6%.

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $181.50.

A number of analysts recently weighed in on the company. Evercore ISI lifted their price target on 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. UBS Group restated a "neutral" rating and issued a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target on the stock. Truist Financial lifted their price target on Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, Loop Capital set a $190.00 price target on Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th.

Armstrong World Industries Trading Down 0.5%

NYSE:AWI opened at $195.02 on Wednesday. The firm has a market cap of $8.44 billion, a P/E ratio of 28.85, a PEG ratio of 2.16 and a beta of 1.46. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The stock's 50 day simple moving average is $189.13 and its 200-day simple moving average is $163.00. Armstrong World Industries has a 12-month low of $122.37 and a 12-month high of $200.84.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.34. The business had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Equities analysts anticipate that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

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

Institutional Trading of Armstrong World Industries

A number of institutional investors have recently bought and sold shares of AWI. Norges Bank purchased a new stake in Armstrong World Industries during the second quarter worth $84,412,000. Adage Capital Partners GP L.L.C. boosted its position 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 purchasing an additional 404,000 shares in the last quarter. AQR Capital Management LLC boosted its position 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 purchasing an additional 294,646 shares in the last quarter. GAMMA Investing LLC boosted its position in Armstrong World Industries by 15,282.7% during the first quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock worth $398,530,000 after purchasing an additional 281,048 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 purchasing an additional 250,133 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.