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

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $153.33.

A number of brokerages recently commented on AWI. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Truist Financial upped their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, UBS Group raised their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock opened at $149.84 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries has a one year low of $110.68 and a one year high of $164.40. The business’s 50 day simple moving average is $148.58 and its two-hundred day simple moving average is $143.23. The stock has a market capitalization of $6.51 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. During the same quarter in the previous year, the business earned $1.22 EPS. Armstrong World Industries’s revenue was up 17.7% compared to the same quarter last year. Analysts forecast that Armstrong World Industries will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.82%. Armstrong World Industries’s dividend payout ratio (DPR) is 20.40%.

Institutional Trading of Armstrong World Industries

Institutional investors have recently made changes to their positions in the business. Jefferies Financial Group Inc. bought a new stake in shares of Armstrong World Industries in the 4th quarter worth about $338,000. Public Employees Retirement System of Ohio purchased a new stake in Armstrong World Industries in the fourth quarter worth $2,326,000. Burgundy Asset Management Ltd. increased its stake in Armstrong World Industries by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,198,801 shares of the construction company’s stock worth $169,427,000 after buying an additional 19,787 shares during the period. Taylor Hoffman Capital Management LLC increased its position in shares of Armstrong World Industries by 0.7% during the fourth quarter. Taylor Hoffman Capital Management LLC now owns 43,677 shares of the construction company’s stock worth $6,173,000 after acquiring an additional 293 shares during the period. Finally, PharVision Advisers LLC bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors 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.