Armstrong World Industries, Inc. (NYSE:AWI) Given Average Rating of “Hold” by Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four 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 target among brokers that have covered the stock in the last year is $140.83.

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

Institutional Investors Weigh In On Armstrong World Industries

Large investors have recently modified their holdings of the business. Natixis Advisors LLC boosted its position in Armstrong World Industries by 16.0% during the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock worth $64,678,000 after acquiring an additional 67,798 shares during the last quarter. Quest Partners LLC lifted its stake in Armstrong World Industries by 32.9% in the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock worth $2,625,000 after purchasing an additional 4,945 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after purchasing an additional 34,028 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Armstrong World Industries by 247.4% in the second quarter. Hsbc Holdings PLC now owns 11,405 shares of the construction company’s stock valued at $1,288,000 after purchasing an additional 8,122 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Armstrong World Industries by 70.7% in the second quarter. Sei Investments Co. now owns 89,196 shares of the construction company’s stock valued at $10,101,000 after purchasing an additional 36,955 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 1.0 %

Shares of AWI stock opened at $143.65 on Monday. Armstrong World Industries has a twelve month low of $95.24 and a twelve month high of $164.40. The stock has a market cap of $6.26 billion, a P/E ratio of 25.34, a P/E/G ratio of 2.01 and a beta of 1.15. The stock has a 50 day moving average of $150.35 and a 200 day moving average of $133.27. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

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

Armstrong World Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.308 dividend. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, November 7th. Armstrong World Industries’s dividend payout ratio is currently 21.69%.

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.