Armstrong World Industries, Inc. (NYSE:AWI) Given Average Rating of "Hold" by Brokerages

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has been given an average rating of "Hold" by the six analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $153.33.

Several research analysts have weighed in on the company. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Truist Financial raised their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. UBS Group upped their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, February 28th.

Hedge Funds Weigh In On Armstrong World Industries

A number of hedge funds have recently added to or reduced their stakes in AWI. Madison Investment Advisors LLC bought a new position in shares of Armstrong World Industries in the fourth quarter worth $75,242,000. Norges Bank acquired a new stake in Armstrong World Industries during the fourth quarter worth about $71,822,000. Adage Capital Partners GP L.L.C. increased its holdings in Armstrong World Industries by 140.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after buying an additional 389,000 shares during the period. Alyeska Investment Group L.P. increased its holdings in Armstrong World Industries by 267.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after buying an additional 387,537 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Armstrong World Industries by 15,282.7% in the 1st quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company's stock valued at $398,530,000 after buying an additional 281,048 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $138.47 on Friday. 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 has a 12-month low of $110.68 and a 12-month high of $164.40. The firm has a fifty day moving average of $140.84 and a 200-day moving average of $145.89. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $367.70 million during the quarter, compared to analysts' expectations of $364.98 million. During the same period in the prior year, the business earned $1.22 EPS. Armstrong World Industries's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities research analysts forecast that Armstrong World Industries will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is currently 20.40%.

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.

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