Armstrong World Industries, Inc. (NYSE:AWI) Receives $157.57 Consensus PT from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) have been given an average rating of "Hold" by the seven brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $157.57.

A number of research firms have recently issued reports on AWI. Bank of America lifted their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Truist Financial upped their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Loop Capital reduced their price target on 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 upped their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, UBS Group boosted their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Armstrong World Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWI. Madison Investment Advisors LLC purchased a new stake in Armstrong World Industries during the 4th quarter worth approximately $75,242,000. Norges Bank acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $71,822,000. Adage Capital Partners GP L.L.C. lifted its position in Armstrong World Industries by 140.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock worth $94,126,000 after buying an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Armstrong World Industries by 267.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after purchasing an additional 387,537 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Armstrong World Industries by 15,282.7% in the 1st quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock valued at $398,530,000 after purchasing an additional 281,048 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock traded down $1.30 on Monday, reaching $150.35. The stock had a trading volume of 388,598 shares, compared to its average volume of 274,888. The business's 50 day moving average is $148.21 and its two-hundred day moving average is $147.36. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.67. Armstrong World Industries has a 1 year low of $110.68 and a 1 year high of $164.40. The company has a market cap of $6.53 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. Armstrong World Industries had a net margin of 18.25% and a return on equity of 39.37%. The firm had revenue of $382.70 million during the quarter, compared to analyst estimates of $370.71 million. During the same period in the previous year, the business earned $1.38 EPS. The business's revenue for the quarter was up 17.3% on a year-over-year basis. As a group, research analysts anticipate that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

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.