Armstrong World Industries, Inc. (NYSE:AWI) Given Average Recommendation of "Moderate Buy" by Brokerages

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $162.88.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Loop Capital lowered their target price on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Finally, Bank of America lifted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th.

Hedge Funds Weigh In On Armstrong World Industries

Several hedge funds and other institutional investors have recently made changes to their positions in AWI. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Armstrong World Industries during the 2nd quarter valued at $289,000. Assenagon Asset Management S.A. lifted its holdings in shares of Armstrong World Industries by 1,930.5% during the second quarter. Assenagon Asset Management S.A. now owns 114,498 shares of the construction company's stock worth $18,599,000 after buying an additional 108,859 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Armstrong World Industries by 21.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,400 shares of the construction company's stock worth $4,451,000 after buying an additional 4,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Armstrong World Industries by 120.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,509 shares of the construction company's stock worth $1,763,000 after buying an additional 5,736 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Armstrong World Industries during the second quarter worth $291,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Trading Down 0.9%

Shares of NYSE:AWI traded down $1.56 during mid-day trading on Friday, reaching $168.05. The stock had a trading volume of 179,989 shares, compared to its average volume of 277,660. The firm has a market cap of $7.30 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. The firm has a 50 day simple moving average of $157.08 and a two-hundred day simple moving average of $148.47. 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 twelve month low of $115.29 and a twelve month high of $170.86.

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

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a $0.308 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.73%. Armstrong World Industries's dividend payout ratio 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.