Brokerages Set Armstrong World Industries, Inc. (NYSE:AWI) Target Price at $157.57

Shares of Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) have received an average rating of "Hold" from the seven analysts that are covering the firm, Marketbeat Ratings reports. Four equities 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 analysts recently issued reports on AWI shares. Loop Capital reduced their price objective on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Truist Financial lifted their price target 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. Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. The Goldman Sachs Group upped their price objective 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. Finally, Bank of America boosted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th.

Armstrong World Industries Stock Up 0.4%

AWI traded up $0.65 on Monday, reaching $151.10. The company's stock had a trading volume of 421,748 shares, compared to its average volume of 275,862. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10. Armstrong World Industries has a 1 year low of $110.68 and a 1 year high of $164.40. The business's 50 day moving average is $149.19 and its 200 day moving average is $147.35.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. The company had revenue of $382.70 million for the quarter, compared to analysts' expectations of $370.71 million. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share. As a group, research analysts forecast that Armstrong World Industries will post 6.18 EPS 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. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.82%. Armstrong World Industries's payout ratio is 19.68%.

Hedge Funds Weigh In On Armstrong World Industries

A number of large investors have recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after purchasing an additional 140 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Armstrong World Industries during the fourth quarter valued at approximately $43,000. MassMutual Private Wealth & Trust FSB raised its position in Armstrong World Industries by 652.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares during the last quarter. Versant Capital Management Inc bought a new position in Armstrong World Industries during the 1st quarter valued at $54,000. Finally, Farther Finance Advisors LLC lifted its stake in Armstrong World Industries by 90.2% during the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after acquiring an additional 202 shares in the last quarter. 98.93% of the stock is currently owned by 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.