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

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

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

Armstrong World Industries Price Performance

Shares of AWI stock opened at $116.98 on Tuesday. The stock has a 50 day moving average of $120.09 and a two-hundred day moving average of $100.76. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 0.99. Armstrong World Industries has a 12 month low of $62.03 and a 12 month high of $125.56. The company has a market capitalization of $5.12 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.77 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. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The company had revenue of $312.30 million during the quarter, compared to the consensus estimate of $305.44 million. During the same quarter last year, the company earned $1.08 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts expect that Armstrong World Industries will post 5.74 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.12 dividend on an annualized basis and a yield of 0.96%. Armstrong World Industries’s dividend payout ratio is 22.40%.

Institutional Investors Weigh In On Armstrong World Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Armstrong World Industries by 67.3% during the 1st quarter. UMB Bank n.a. now owns 261 shares of the construction company’s stock valued at $32,000 after purchasing an additional 105 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in Armstrong World Industries during the 1st quarter valued at $52,000. Simplicity Wealth LLC acquired a new stake in Armstrong World Industries during the 1st quarter valued at $689,000. Assenagon Asset Management S.A. increased its holdings in Armstrong World Industries by 1,097.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 31,026 shares of the construction company’s stock valued at $3,854,000 after purchasing an additional 28,434 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at $1,093,000. 98.93% of the stock is owned by institutional investors and hedge funds.

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.