Armstrong World Industries’ (AWI) Buy (B) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b) rating on shares of Armstrong World Industries (NYSE:AWI) in a report released on Wednesday,Weiss Ratings reports.

AWI has been the subject of a number of other research reports. UBS Group reaffirmed a “neutral” rating and issued a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Evercore ISI lifted their price objective on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a research report on Wednesday, July 30th. Truist Financial increased their price target on Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Loop Capital set a $190.00 price target on Armstrong World Industries and gave the company a “hold” rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $197.14.

Armstrong World Industries Trading Down 0.6%

Shares of NYSE:AWI opened at $193.56 on Wednesday. Armstrong World Industries has a 12 month low of $122.37 and a 12 month high of $201.72. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $194.97 and its 200 day simple moving average is $167.68. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.95 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The business had revenue of $325.00 million for the quarter. As a group, research analysts forecast that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a $0.308 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.23 annualized dividend and a yield of 0.6%. Armstrong World Industries’s payout ratio is 18.20%.

Hedge Funds Weigh In On Armstrong World Industries

Several hedge funds and other institutional investors have recently made changes to their positions in AWI. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at approximately $316,000. Merit Financial Group LLC bought a new stake in shares of Armstrong World Industries during the 1st quarter valued at approximately $410,000. Park Avenue Securities LLC grew its holdings in shares of Armstrong World Industries by 3.6% during the 1st quarter. Park Avenue Securities LLC now owns 8,375 shares of the construction company’s stock valued at $1,180,000 after purchasing an additional 288 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Armstrong World Industries by 9.2% during the 1st quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company’s stock valued at $283,000 after purchasing an additional 169 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC grew its holdings in shares of Armstrong World Industries by 5.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company’s stock valued at $221,000 after purchasing an additional 84 shares during the last quarter. 98.93% of the stock is currently 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.