Analysts Set Armstrong World Industries, Inc. (NYSE:AWI) Price Target at $153.33

Armstrong World Industries, Inc. (NYSE:AWI) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $153.33.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Truist Financial boosted their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. UBS Group boosted their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.

Institutional Trading of Armstrong World Industries

A number of institutional investors have recently added to or reduced their stakes in AWI. Creative Planning lifted its stake in Armstrong World Industries by 7.3% in the third quarter. Creative Planning now owns 2,079 shares of the construction company’s stock valued at $273,000 after acquiring an additional 141 shares during the last quarter. US Bancorp DE lifted its stake in shares of Armstrong World Industries by 13.9% in the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after buying an additional 82 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Armstrong World Industries by 40.0% in the third quarter. Van ECK Associates Corp now owns 29,543 shares of the construction company’s stock worth $4,082,000 after buying an additional 8,441 shares during the last quarter. SpiderRock Advisors LLC acquired a new stake in shares of Armstrong World Industries in the third quarter worth $964,000. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Armstrong World Industries by 3.6% in the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock worth $399,000 after buying an additional 104 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $139.79 on Friday. The firm’s 50 day simple moving average is $148.71 and its 200-day simple moving average is $143.94. The company has a market cap of $6.08 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries has a fifty-two week low of $110.68 and a fifty-two week high of $164.40.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.13. The business had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $1.22 earnings per share. As a group, equities research analysts predict that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

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.