Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) hit a new 52-week high during trading on Friday after Truist Financial raised their price target on the stock from $195.00 to $230.00. Truist Financial currently has a buy rating on the stock. Armstrong World Industries traded as high as $200.84 and last traded at $198.41, with a volume of 5123 shares trading hands. The stock had previously closed at $199.13.
Several other analysts have also recently commented on AWI. UBS Group restated a "neutral" rating and set a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. 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. JPMorgan Chase & Co. began coverage on Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price objective for the company. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Bank of America raised 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. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.50.
Check Out Our Latest Research Report on AWI
Hedge Funds Weigh In On Armstrong World Industries
Several hedge funds and other institutional investors have recently modified their holdings of AWI. Twin Peaks Wealth Advisors LLC bought a new position in shares of Armstrong World Industries in the 2nd quarter valued at $32,000. Golden State Wealth Management LLC raised 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 worth $39,000 after buying an additional 140 shares during the period. Headlands Technologies LLC acquired a new position in Armstrong World Industries during the 2nd quarter worth approximately $46,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Armstrong World Industries by 652.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the last quarter. Finally, MAI Capital Management purchased a new position in Armstrong World Industries in the second quarter worth $47,000. Institutional investors own 98.93% of the company's stock.
Armstrong World Industries Trading Up 1.1%
The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. The firm has a market capitalization of $8.53 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46. The firm has a fifty day simple moving average of $186.31 and a two-hundred day simple moving average of $161.43.
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 analysts' consensus estimates of $1.75 by $0.34. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $404.05 million. During the same quarter last year, the business posted $1.62 earnings per share. The firm's revenue was up 16.3% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.
Armstrong World Industries Announces Dividend
The company also recently declared 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. The ex-dividend date was Thursday, August 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.6%. Armstrong World Industries's dividend payout ratio (DPR) is presently 18.20%.
About Armstrong World Industries
(
Get Free Report)
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.
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