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

Armstrong World Industries, Inc. (NYSE:AWI) has earned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $140.83.

Several equities research analysts recently commented on the stock. Truist Financial upped their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI raised their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Loop Capital upped their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, UBS Group upped their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

Institutional Investors Weigh In On Armstrong World Industries

Large investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in Armstrong World Industries by 53.0% in the third quarter. Franklin Resources Inc. now owns 22,982 shares of the construction company’s stock valued at $3,175,000 after acquiring an additional 7,958 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Armstrong World Industries by 8.0% during the 3rd quarter. Tidal Investments LLC now owns 5,141 shares of the construction company’s stock valued at $676,000 after purchasing an additional 381 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Armstrong World Industries by 21.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,590 shares of the construction company’s stock valued at $735,000 after purchasing an additional 1,000 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Armstrong World Industries by 22.3% in the third quarter. TD Private Client Wealth LLC now owns 2,141 shares of the construction company’s stock worth $281,000 after purchasing an additional 391 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after buying an additional 34,028 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

AWI opened at $160.22 on Thursday. The business has a fifty day simple moving average of $142.02 and a 200-day simple moving average of $127.38. The firm has a market cap of $6.98 billion, a PE ratio of 28.26, a P/E/G ratio of 2.07 and a beta of 1.13. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries has a fifty-two week low of $82.63 and a fifty-two week high of $164.40.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $386.60 million for the quarter, compared to analysts’ expectations of $386.69 million. During the same quarter last year, the business posted $1.60 EPS. Armstrong World Industries’s revenue was up 11.3% on a year-over-year basis. As a group, equities analysts predict that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a $0.308 dividend. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, November 7th. Armstrong World Industries’s dividend payout ratio is presently 21.69%.

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.