Armstrong World Industries, Inc. (NYSE:AWI) Receives $153.33 Average PT from Analysts

Armstrong World Industries, Inc. (NYSE:AWI) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $153.33.

AWI has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. UBS Group raised their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Truist Financial raised their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

Armstrong World Industries Price Performance

Shares of AWI opened at $126.34 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a market cap of $5.49 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The stock’s 50-day moving average price is $145.74 and its two-hundred day moving average price is $145.81. Armstrong World Industries has a 1 year low of $110.68 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data 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 analyst estimates of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. Armstrong World Industries’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. On average, equities analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries’s payout ratio is 20.40%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of Armstrong World Industries during the 4th quarter worth approximately $32,000. Quent Capital LLC grew its stake in shares of Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after buying an additional 170 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Armstrong World Industries during the fourth quarter worth $33,000. Twin Tree Management LP acquired a new stake in Armstrong World Industries in the fourth quarter valued at $43,000. Finally, Point72 DIFC Ltd bought a new position in shares of Armstrong World Industries in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

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.