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

Armstrong World Industries, Inc. (NYSE:AWI) has been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $140.83.

Several brokerages have recently issued reports on AWI. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial boosted their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI raised their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Loop Capital boosted their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th.

Institutional Trading of Armstrong World Industries

Several large investors have recently bought and sold shares of the company. Tealwood Asset Management Inc. boosted its stake in shares of Armstrong World Industries by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 71 shares during the period. OneDigital Investment Advisors LLC grew its stake in Armstrong World Industries by 4.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after purchasing an additional 76 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Armstrong World Industries by 5.9% during the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after buying an additional 79 shares during the last quarter. US Bancorp DE increased its stake in shares of Armstrong World Industries by 13.9% in the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after buying an additional 82 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Armstrong World Industries by 3.6% in the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 0.0 %

Shares of NYSE:AWI opened at $148.06 on Friday. Armstrong World Industries has a 52-week low of $96.69 and a 52-week high of $164.40. The company has a market capitalization of $6.45 billion, a P/E ratio of 26.11, a P/E/G ratio of 1.63 and a beta of 1.18. The stock’s fifty day simple moving average is $150.74 and its 200-day simple moving average is $135.89. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. As a group, equities research analysts forecast that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.83%. Armstrong World Industries’s payout ratio is 21.69%.

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.