Analysts Set Armstrong World Industries, Inc. (NYSE:AWI) Price Target at $116.38

Shares of Armstrong World Industries, Inc. (NYSE:AWIGet Rating) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $116.38.

AWI has been the subject of a number of research reports. TheStreet cut shares of Armstrong World Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 21st. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Truist Financial dropped their price target on shares of Armstrong World Industries from $124.00 to $110.00 in a research report on Wednesday, April 27th. Credit Suisse Group started coverage on shares of Armstrong World Industries in a research report on Tuesday, April 5th. They set an “outperform” rating and a $120.00 price target for the company. Finally, Jefferies Financial Group raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and increased their price target for the company from $101.00 to $111.00 in a research report on Monday, March 21st.

Shares of Armstrong World Industries stock opened at $74.29 on Friday. Armstrong World Industries has a 52-week low of $73.25 and a 52-week high of $118.14. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The company has a fifty day moving average of $84.16 and a 200-day moving average of $94.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.11 and a current ratio of 1.65.

Armstrong World Industries (NYSE:AWIGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The construction company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.11). Armstrong World Industries had a net margin of 16.90% and a return on equity of 40.89%. The business had revenue of $282.60 million during the quarter, compared to analysts’ expectations of $289.61 million. During the same period last year, the company posted $0.84 EPS. Armstrong World Industries’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that Armstrong World Industries will post 5.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Thursday, May 5th were issued a $0.231 dividend. The ex-dividend date of this dividend was Wednesday, May 4th. This represents a $0.92 annualized dividend and a yield of 1.24%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 22.89%.

In related news, SVP Mark A. Hershey sold 1,365 shares of the stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $95.11, for a total value of $129,825.15. Following the completion of the transaction, the senior vice president now directly owns 45,053 shares in the company, valued at approximately $4,284,990.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of AWI. Invesco Ltd. increased its stake in shares of Armstrong World Industries by 165.1% in the 3rd quarter. Invesco Ltd. now owns 130,490 shares of the construction company’s stock worth $12,459,000 after acquiring an additional 81,275 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Armstrong World Industries in the 3rd quarter worth about $325,000. Man Group plc increased its stake in shares of Armstrong World Industries by 0.6% in the 3rd quarter. Man Group plc now owns 27,089 shares of the construction company’s stock worth $2,587,000 after acquiring an additional 166 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Armstrong World Industries by 2,196.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 43,608 shares of the construction company’s stock worth $4,163,000 after acquiring an additional 41,709 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Armstrong World Industries during the 3rd quarter valued at about $99,000. Institutional investors own 98.92% of the company’s stock.

Armstrong World Industries Company Profile (Get Rating)

Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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