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

Shares of Armstrong World Industries, Inc. (NYSE:AWI) 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWI. Vanguard Group Inc. grew its holdings in shares of Armstrong World Industries by 12.2% during the fourth quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock valued at $468,315,000 after buying an additional 517,699 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Armstrong World Industries by 56.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company’s stock worth $155,991,000 after purchasing an additional 569,824 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in Armstrong World Industries by 1.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,151,442 shares of the construction company’s stock worth $130,389,000 after purchasing an additional 17,075 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Armstrong World Industries by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 725,613 shares of the construction company’s stock valued at $82,168,000 after purchasing an additional 14,450 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Armstrong World Industries by 46.0% during the second quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock valued at $52,155,000 after buying an additional 145,133 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

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) 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.