Armstrong World Industries, Inc. (NYSE:AWI) Given Average Rating of “Buy” by Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWIGet Rating) have received an average recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $116.38.

AWI has been the topic of a number of analyst reports. Credit Suisse Group initiated coverage on Armstrong World Industries in a research note on Tuesday, April 5th. They issued an “outperform” rating and a $120.00 price target on the stock. TheStreet lowered Armstrong World Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 21st. Truist Financial decreased their price objective on Armstrong World Industries from $124.00 to $110.00 in a research report on Wednesday, April 27th. Loop Capital upgraded Armstrong World Industries from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday. They noted that the move was a valuation call. Finally, Jefferies Financial Group upgraded Armstrong World Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $101.00 to $111.00 in a research report on Monday, March 21st.

Shares of AWI opened at $74.70 on Friday. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.11 and a current ratio of 1.65. Armstrong World Industries has a one year low of $74.47 and a one year high of $118.14. The stock’s fifty day moving average is $85.25 and its 200-day moving average is $95.23.

Armstrong World Industries (NYSE:AWIGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The construction company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.11). The business had revenue of $282.60 million for the quarter, compared to analyst estimates of $289.61 million. Armstrong World Industries had a net margin of 16.90% and a return on equity of 40.89%. Armstrong World Industries’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. Analysts forecast that Armstrong World Industries will post 5.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Thursday, May 5th were given a $0.231 dividend. This represents a $0.92 annualized dividend and a yield of 1.24%. The ex-dividend date was Wednesday, May 4th. Armstrong World Industries’s dividend payout ratio is currently 22.89%.

In other Armstrong World Industries news, SVP Mark A. Hershey sold 1,365 shares of Armstrong World Industries stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $95.11, for a total value of $129,825.15. Following the transaction, the senior vice president now directly owns 45,053 shares of the company’s stock, valued at approximately $4,284,990.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NEXT Financial Group Inc increased its position in shares of Armstrong World Industries by 75.4% during the fourth quarter. NEXT Financial Group Inc now owns 314 shares of the construction company’s stock valued at $36,000 after purchasing an additional 135 shares during the period. LPL Financial LLC boosted its stake in Armstrong World Industries by 1.0% in the 3rd quarter. LPL Financial LLC now owns 14,577 shares of the construction company’s stock valued at $1,392,000 after buying an additional 142 shares in the last quarter. Virtue Capital Management LLC boosted its stake in Armstrong World Industries by 1.3% in the 4th quarter. Virtue Capital Management LLC now owns 11,855 shares of the construction company’s stock valued at $1,377,000 after buying an additional 153 shares in the last quarter. Voya Financial Advisors Inc. boosted its stake in Armstrong World Industries by 5.6% in the 3rd quarter. Voya Financial Advisors Inc. now owns 2,915 shares of the construction company’s stock valued at $285,000 after buying an additional 155 shares in the last quarter. Finally, IndexIQ Advisors LLC boosted its stake in Armstrong World Industries by 36.0% in the 4th quarter. IndexIQ Advisors LLC now owns 616 shares of the construction company’s stock valued at $72,000 after buying an additional 163 shares in the last quarter. 98.92% of the stock is currently owned by 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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