Brokerages Set Armstrong World Industries, Inc. (NYSE:AWI) Price Target at $177.13

Key Points

• Shares of Armstrong World Industries have received a consensus rating of "Moderate Buy" from eight analysts, with an average price target of $177.13.
• The company reported a Q2 EPS of $2.09, exceeding estimates of $1.75, and a 16.3% year-over-year revenue increase, totaling $424.6 million.
• Armstrong World Industries recently declared a quarterly dividend of $0.308, translating to an annual yield of 0.6%.

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

Several brokerages have weighed in on AWI. JPMorgan Chase & Co. began coverage on Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Truist Financial set a $195.00 price objective on Armstrong World Industries and gave the stock a "buy" rating in a report on Wednesday, July 30th. Evercore ISI upped their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the stock a "hold" rating in a research report on Wednesday, July 30th.

Hedge Funds Weigh In On Armstrong World Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Armstrong World Industries during the second quarter worth about $84,412,000. Adage Capital Partners GP L.L.C. lifted its position in shares of 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 during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Armstrong World Industries by 267.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after purchasing an additional 387,537 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of 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 during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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 during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Shares of AWI stock traded down $1.63 during mid-day trading on Friday, hitting $193.15. 68,498 shares of the stock were exchanged, compared to its average volume of 323,687. The stock's fifty day simple moving average is $179.95 and its two-hundred day simple moving average is $158.29. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 2.15 and a beta of 1.46. Armstrong World Industries has a 12-month low of $118.14 and a 12-month high of $198.64. 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 (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.34. The company 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 business's quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 earnings per share. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, analysts forecast that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

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

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.