Armstrong World Industries, Inc. (NYSE:AWI) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) have been given a consensus rating of "Hold" by the five brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $100.17.

A number of equities research analysts recently commented on the company. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. UBS Group raised Armstrong World Industries from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $75.00 to $103.00 in a report on Thursday, January 4th. The Goldman Sachs Group lifted their target price on Armstrong World Industries from $111.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Finally, Truist Financial lifted their target price on Armstrong World Industries from $95.00 to $131.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st.

Armstrong World Industries Stock Up 1.5 %

AWI stock traded up $1.77 during trading on Tuesday, reaching $116.48. 270,022 shares of the company traded hands, compared to its average volume of 370,139. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.07 and a current ratio of 1.61. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12. The business has a 50 day simple moving average of $119.44 and a 200 day simple moving average of $100.03. Armstrong World Industries has a 12 month low of $62.03 and a 12 month high of $125.56.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $312.30 million during the quarter, compared to the consensus estimate of $305.44 million. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The company's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. On average, equities research analysts anticipate that Armstrong World Industries will post 5.74 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries's dividend payout ratio is presently 22.40%.

Institutional Trading of Armstrong World Industries

A number of institutional investors have recently made changes to their positions in the company. Wesbanco Bank Inc. acquired a new stake in shares of Armstrong World Industries in the first quarter worth approximately $1,093,000. Hunter Perkins Capital Management LLC acquired a new position in Armstrong World Industries during the first quarter worth $907,000. Allspring Global Investments Holdings LLC acquired a new position in Armstrong World Industries during the first quarter worth $27,000. Park Avenue Securities LLC boosted its stake in Armstrong World Industries by 7.5% during the first quarter. Park Avenue Securities LLC now owns 6,530 shares of the construction company's stock worth $811,000 after buying an additional 457 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Armstrong World Industries by 25.3% during the first quarter. GAMMA Investing LLC now owns 620 shares of the construction company's stock worth $77,000 after buying an additional 125 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

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.