Armstrong World Industries (NYSE:AWI) Price Target Raised to $122.00

Armstrong World Industries (NYSE:AWI) had its price target increased by UBS Group from $121.00 to $122.00 in a report published on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the construction company’s stock.

Several other research firms also recently weighed in on AWI. Evercore ISI lifted their target price on shares of Armstrong World Industries from $117.00 to $119.00 and gave the stock an in-line rating in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a buy rating in a research note on Wednesday, February 21st. Truist Financial increased their target price on Armstrong World Industries from $95.00 to $131.00 and gave the stock a buy rating in a research report on Wednesday, February 21st. Finally, StockNews.com upgraded Armstrong World Industries from a hold rating to a buy rating in a research report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $110.17.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $115.62 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $120.11 and a two-hundred day simple moving average of $101.78. Armstrong World Industries has a 1-year low of $62.03 and a 1-year high of $125.56. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.12.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The firm had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $319.44 million. During the same quarter in the prior year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate that Armstrong World Industries will post 5.91 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, May 8th. Armstrong World Industries’s payout ratio is 21.05%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AWI. UMB Bank n.a. boosted its stake in Armstrong World Industries by 67.3% during the first quarter. UMB Bank n.a. now owns 261 shares of the construction company’s stock valued at $32,000 after buying an additional 105 shares during the period. GAMMA Investing LLC boosted its position in shares of Armstrong World Industries by 25.3% during the 1st quarter. GAMMA Investing LLC now owns 620 shares of the construction company’s stock valued at $77,000 after acquiring an additional 125 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Armstrong World Industries by 1.1% during the third quarter. HighTower Advisors LLC now owns 13,733 shares of the construction company’s stock worth $986,000 after purchasing an additional 143 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Armstrong World Industries by 3.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,291 shares of the construction company’s stock worth $309,000 after purchasing an additional 159 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its stake in Armstrong World Industries by 1.8% in the third quarter. Fox Run Management L.L.C. now owns 9,765 shares of the construction company’s stock valued at $703,000 after purchasing an additional 175 shares in the last quarter. Institutional investors 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.