Analysts Set Armstrong World Industries, Inc. (NYSE:AWI) Target Price at $100.17

Armstrong World Industries, Inc. (NYSE:AWI) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $104.60.

Several equities research analysts recently commented on the company. Truist Financial boosted their price target on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $103.00 in a report on Thursday, January 4th.

Armstrong World Industries Stock Performance

Shares of AWI opened at $115.73 on Tuesday. Armstrong World Industries has a one year low of $62.03 and a one year high of $125.56. The company has a 50-day moving average of $119.86 and a two-hundred day moving average of $100.25. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.79 and a beta of 1.12.

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

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.12 annualized dividend and a yield of 0.97%. Armstrong World Industries’s dividend payout ratio is currently 22.40%.

Institutional Trading of Armstrong World Industries

A number of institutional investors have recently bought and sold shares of AWI. Headlands Technologies LLC bought a new position in Armstrong World Industries during the fourth quarter worth about $27,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $27,000. Signaturefd LLC boosted its stake in Armstrong World Industries by 182.0% during the 3rd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock worth $28,000 after acquiring an additional 253 shares during the last quarter. GAMMA Investing LLC acquired a new position in Armstrong World Industries during the fourth quarter valued at approximately $49,000. Finally, SRS Capital Advisors Inc. increased its stake in Armstrong World Industries by 19.7% in the third quarter. SRS Capital Advisors Inc. now owns 2,209 shares of the construction company’s stock valued at $159,000 after purchasing an additional 363 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

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.