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

Armstrong World Industries, Inc. (NYSE:AWI) has received a consensus recommendation of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. Three equities 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 objective among brokerages that have issued a report on the stock in the last year is $100.17.

Several brokerages have recently weighed in on AWI. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. UBS Group upgraded Armstrong World Industries from a “sell” rating to a “neutral” rating and raised their price target for the company from $75.00 to $103.00 in a report on Thursday, January 4th. The Goldman Sachs Group raised their price target on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Truist Financial raised their price target on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st.

Armstrong World Industries Price Performance

AWI opened at $114.64 on Tuesday. The stock has a fifty day simple moving average of $119.19 and a two-hundred day simple moving average of $99.70. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 0.99. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12. Armstrong World Industries has a 12-month low of $62.03 and a 12-month high of $125.56.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $312.30 million during the quarter, compared to the consensus estimate of $305.44 million. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Research analysts predict that Armstrong World Industries will post 5.74 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a $0.28 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.12 annualized dividend and a yield of 0.98%. Armstrong World Industries’s payout ratio is 22.40%.

Institutional Investors Weigh In On Armstrong World Industries

Several large investors have recently bought and sold shares of AWI. Allspring Global Investments Holdings LLC purchased a new position in Armstrong World Industries in the first quarter worth about $27,000. Headlands Technologies LLC purchased a new position in Armstrong World Industries in the fourth quarter worth about $27,000. Signaturefd LLC boosted its position in Armstrong World Industries by 182.0% in the third quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock worth $28,000 after purchasing an additional 253 shares during the last quarter. GAMMA Investing LLC purchased a new position in Armstrong World Industries in the fourth quarter worth about $49,000. Finally, Principal Securities Inc. purchased a new position in Armstrong World Industries in the fourth quarter worth about $185,000. 98.93% of the stock is currently owned by institutional investors.

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.