Armstrong World Industries, Inc. (NYSE:AWI) Given Consensus Rating of “Hold” by Brokerages

Armstrong World Industries, Inc. (NYSE:AWIGet Rating) has earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $116.11.

AWI has been the subject of several analyst reports. Credit Suisse Group initiated coverage on Armstrong World Industries in a report on Tuesday, April 5th. They issued an “outperform” rating and a $120.00 target price for the company. TheStreet cut Armstrong World Industries from a “b-” rating to a “c+” rating in a report on Monday, March 21st. Jefferies Financial Group upgraded Armstrong World Industries from a “hold” rating to a “buy” rating and increased their price target for the stock from $101.00 to $111.00 in a report on Monday, March 21st. Loop Capital lowered their price target on Armstrong World Industries from $110.00 to $102.00 in a report on Wednesday, February 23rd. Finally, Truist Financial lowered their price target on Armstrong World Industries from $124.00 to $110.00 in a report on Wednesday, April 27th.

NYSE AWI opened at $82.09 on Tuesday. The business has a fifty day moving average price of $89.00 and a 200 day moving average price of $99.02. Armstrong World Industries has a one year low of $79.64 and a one year high of $118.14. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.11 and a current ratio of 1.65. The company has a market cap of $3.85 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.23 and a beta of 1.18.

Armstrong World Industries (NYSE:AWIGet Rating) last issued its earnings results on Tuesday, April 26th. The construction company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.11). The company had revenue of $282.60 million during the quarter, compared to analysts’ expectations of $289.61 million. Armstrong World Industries had a net margin of 16.90% and a return on equity of 40.89%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 earnings per share. As a group, sell-side analysts predict that Armstrong World Industries will post 5.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Thursday, May 5th were issued a dividend of $0.231 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, May 4th. Armstrong World Industries’s dividend payout ratio (DPR) is 22.89%.

In other Armstrong World Industries news, SVP Mark A. Hershey sold 1,365 shares of the stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $95.11, for a total value of $129,825.15. Following the sale, the senior vice president now owns 45,053 shares of the company’s stock, valued at approximately $4,284,990.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. CWM LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth about $28,000. Clearstead Advisors LLC raised its position in shares of Armstrong World Industries by 2,013.3% during the 3rd quarter. Clearstead Advisors LLC now owns 317 shares of the construction company’s stock worth $30,000 after acquiring an additional 302 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth about $36,000. NEXT Financial Group Inc increased its position in Armstrong World Industries by 75.4% during the fourth quarter. NEXT Financial Group Inc now owns 314 shares of the construction company’s stock worth $36,000 after buying an additional 135 shares during the period. Finally, Exane Derivatives acquired a new position in Armstrong World Industries during the first quarter worth approximately $39,000. 98.92% of the stock is currently owned by institutional investors.

Armstrong World Industries Company Profile (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.

See Also

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.