Armstrong World Industries, Inc. (NYSE:AWI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been assigned an average recommendation of “Moderate Buy” from the four analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $135.75.

Several equities research analysts have recently weighed in on AWI shares. UBS Group increased their price objective on Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Truist Financial upped their target price on Armstrong World Industries from $131.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Evercore ISI upped their target price on Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, July 31st.

Armstrong World Industries Stock Down 2.4 %

Shares of Armstrong World Industries stock opened at $118.55 on Thursday. The stock has a market capitalization of $5.19 billion, a P/E ratio of 22.28, a PEG ratio of 1.83 and a beta of 1.14. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average price of $118.15 and a two-hundred day moving average price of $116.19. Armstrong World Industries has a 12-month low of $68.35 and a 12-month high of $134.90.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $360.36 million. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. Equities analysts expect that Armstrong World Industries will post 6.07 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, August 8th. This represents a $1.12 annualized dividend and a yield of 0.94%. Armstrong World Industries’s dividend payout ratio is currently 21.05%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Jupiter Asset Management Ltd. bought a new stake in shares of Armstrong World Industries during the first quarter worth $2,081,000. Illinois Municipal Retirement Fund bought a new stake in shares of Armstrong World Industries during the first quarter worth $3,097,000. Los Angeles Capital Management LLC bought a new position in Armstrong World Industries in the first quarter valued at about $39,183,000. Chesapeake Capital Corp IL bought a new position in Armstrong World Industries in the fourth quarter valued at about $918,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Armstrong World Industries by 142.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,440 shares of the construction company’s stock valued at $1,223,000 after acquiring an additional 7,317 shares during the last quarter. 98.93% of the stock is currently 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.