Shares of Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the four research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $135.75.
Several research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Evercore ISI boosted their target price on shares of Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, July 31st. Jefferies Financial Group increased their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday. UBS Group lifted their price objective on Armstrong World Industries from $122.00 to $136.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th.
View Our Latest Analysis on Armstrong World Industries
Institutional Inflows and Outflows
Armstrong World Industries Trading Up 1.0 %
AWI traded up $1.28 during trading on Wednesday, reaching $135.36. 214,518 shares of the company’s stock were exchanged, compared to its average volume of 315,905. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. Armstrong World Industries has a one year low of $68.35 and a one year high of $136.35. The firm has a fifty day moving average price of $126.18 and a two-hundred day moving average price of $120.51. The stock has a market capitalization of $5.92 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14.
Armstrong World Industries (NYSE:AWI – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07. The company had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. Armstrong World Industries’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. As a group, equities research analysts forecast that Armstrong World Industries will post 6.07 earnings per share for the current fiscal year.
Armstrong World Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.83%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.05%.
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.
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