Armstrong World Industries, Inc. (NYSE:AWI) Receives Average Recommendation of “Hold” from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has earned an average rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $100.17.

Several research analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. UBS Group raised Armstrong World Industries from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $103.00 in a report on Thursday, January 4th. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Truist Financial increased their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st.

Armstrong World Industries Trading Up 0.6 %

Shares of NYSE AWI opened at $114.64 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. The stock has a market capitalization of $5.02 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12. Armstrong World Industries has a 1-year low of $62.03 and a 1-year high of $125.56. The business has a fifty day moving average price of $119.19 and a 200 day moving average price of $99.70.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The company had revenue of $312.30 million for the quarter, compared to analyst estimates of $305.44 million. During the same period in the prior year, the company posted $1.08 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Armstrong World Industries will post 5.74 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries’s dividend payout ratio (DPR) is 22.40%.

Institutional Trading of Armstrong World Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position 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 purchasing an additional 125 shares in the last quarter. HighTower Advisors LLC boosted its position in Armstrong World Industries by 1.1% during the third quarter. HighTower Advisors LLC now owns 13,733 shares of the construction company’s stock worth $986,000 after purchasing an additional 143 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Armstrong World Industries by 3.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,291 shares of the construction company’s stock worth $309,000 after purchasing an additional 159 shares in the last quarter. Fox Run Management L.L.C. boosted its position in Armstrong World Industries by 1.8% during the third quarter. Fox Run Management L.L.C. now owns 9,765 shares of the construction company’s stock worth $703,000 after purchasing an additional 175 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in Armstrong World Industries by 4.8% during the third quarter. Verdence Capital Advisors LLC now owns 4,047 shares of the construction company’s stock worth $291,000 after purchasing an additional 186 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

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.