Armstrong World Industries, Inc. (NYSE:AWI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $207.50.

AWI has been the topic of a number of research analyst reports. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, UBS Group increased their target price on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $199.03 on Friday. The firm has a 50 day simple moving average of $192.74 and a 200-day simple moving average of $192.82. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. Armstrong World Industries has a 1-year low of $122.37 and a 1-year high of $206.08.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be issued a $0.339 dividend. This represents a $1.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, March 5th. Armstrong World Industries’s dividend payout ratio (DPR) is 19.46%.

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Armstrong World Industries during the 3rd quarter valued at about $25,000. Larson Financial Group LLC lifted its position in shares of Armstrong World Industries by 77.0% during the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after purchasing an additional 57 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Armstrong World Industries in the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. grew its holdings in shares of Armstrong World Industries by 124.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after purchasing an additional 98 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Armstrong World Industries by 426.5% in the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.