Armstrong World Industries (NYSE:AWI) Price Target Increased to $136.00 by Analysts at UBS Group

Armstrong World Industries (NYSE:AWI) had its target price raised by UBS Group from $122.00 to $136.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

A number of other equities analysts also recently commented on the company. Evercore ISI lifted their price target on Armstrong World Industries from $117.00 to $119.00 and gave the stock an in-line rating in a research note on Wednesday, May 1st. Truist Financial boosted their price target on Armstrong World Industries from $131.00 to $148.00 and gave the company a buy rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $135.75.

Armstrong World Industries Stock Performance

Shares of AWI opened at $131.36 on Wednesday. Armstrong World Industries has a 52-week low of $68.35 and a 52-week high of $134.90. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.97 and a beta of 1.14. The business’s 50 day moving average is $117.40 and its two-hundred day moving average is $115.32.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $365.10 million for the quarter, compared to the consensus estimate of $360.36 million. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. Analysts forecast that Armstrong World Industries will post 5.89 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 8th. Armstrong World Industries’s dividend payout ratio (DPR) is 21.05%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in Armstrong World Industries during the 1st quarter valued at $27,000. UMB Bank n.a. boosted its position 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 worth $32,000 after acquiring an additional 105 shares during the period. GAMMA Investing LLC bought a new position in shares of Armstrong World Industries in the fourth quarter worth $49,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Armstrong World Industries during the first quarter valued at $52,000. 98.93% of the stock is currently owned by institutional investors.

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.