Armstrong World Industries, Inc. (NYSE:AWI) Receives Average Rating of “Hold” from Brokerages

Armstrong World Industries, Inc. (NYSE:AWIGet Rating) has been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $116.11.

A number of brokerages recently issued reports on AWI. UBS Group started coverage on Armstrong World Industries in a report on Wednesday, January 19th. They set a “sell” rating and a $103.00 price objective on the stock. Truist Financial cut their price target on shares of Armstrong World Industries from $124.00 to $110.00 in a report on Wednesday. Credit Suisse Group began coverage on shares of Armstrong World Industries in a report on Tuesday, April 5th. They issued an “outperform” rating and a $120.00 price target on the stock. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Finally, Loop Capital dropped their target price on shares of Armstrong World Industries from $110.00 to $102.00 in a research report on Wednesday, February 23rd.

NYSE:AWI opened at $87.94 on Friday. The firm’s 50 day moving average is $91.04 and its 200 day moving average is $101.13. Armstrong World Industries has a 12 month low of $85.19 and a 12 month high of $118.14. The stock has a market capitalization of $4.18 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.03 and a beta of 1.21. The company has a current ratio of 1.54, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20.

Armstrong World Industries (NYSE:AWIGet Rating) last posted its earnings results on Tuesday, April 26th. The construction company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.11). The business had revenue of $282.60 million during the quarter, compared to analysts’ expectations of $289.61 million. Armstrong World Industries had a return on equity of 40.62% and a net margin of 16.56%. Armstrong World Industries’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. Research analysts predict that Armstrong World Industries will post 5.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Thursday, May 5th will be paid a $0.231 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, May 4th. Armstrong World Industries’s payout ratio is currently 24.08%.

In other Armstrong World Industries news, SVP Mark A. Hershey sold 1,365 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $95.11, for a total transaction of $129,825.15. Following the transaction, the senior vice president now owns 45,053 shares in the company, valued at approximately $4,284,990.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Armstrong World Industries by 0.7% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,882,039 shares of the construction company’s stock worth $218,543,000 after buying an additional 12,540 shares during the last quarter. FIL Ltd boosted its holdings in Armstrong World Industries by 0.5% in the third quarter. FIL Ltd now owns 1,420,223 shares of the construction company’s stock worth $135,589,000 after acquiring an additional 7,163 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Armstrong World Industries by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 1,247,116 shares of the construction company’s stock worth $119,060,000 after acquiring an additional 39,311 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of Armstrong World Industries by 3.9% during the third quarter. River Road Asset Management LLC now owns 1,227,693 shares of the construction company’s stock valued at $117,208,000 after acquiring an additional 45,757 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its position in shares of Armstrong World Industries by 2.7% in the 4th quarter. Cantillon Capital Management LLC now owns 1,210,207 shares of the construction company’s stock worth $140,530,000 after purchasing an additional 31,466 shares during the last quarter. 99.57% of the stock is currently owned by hedge funds and other institutional investors.

About Armstrong World Industries (Get Rating)

Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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