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

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has received a consensus rating of "Hold" from the six analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $140.83.

A number of equities analysts have weighed in on AWI shares. Loop Capital upped their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. UBS Group upped their target price on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Evercore ISI increased their price target on Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th.

Armstrong World Industries Stock Up 0.2 %

Shares of AWI stock traded up $0.27 on Monday, hitting $143.15. The stock had a trading volume of 150,711 shares, compared to its average volume of 295,268. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.01 and a beta of 1.15. Armstrong World Industries has a 52-week low of $95.24 and a 52-week high of $164.40. The stock's 50 day moving average is $149.93 and its 200-day moving average is $132.34.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. During the same quarter in the previous year, the business posted $1.60 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.308 dividend. 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 dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, November 7th. Armstrong World Industries's payout ratio is currently 21.69%.

Institutional Investors Weigh In On Armstrong World Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates grew its holdings in Armstrong World Industries by 0.4% during the 2nd quarter. Raymond James & Associates now owns 78,207 shares of the construction company's stock worth $8,856,000 after acquiring an additional 278 shares during the period. Fifth Third Bancorp lifted its stake in Armstrong World Industries by 16,850.0% in the second quarter. Fifth Third Bancorp now owns 1,356 shares of the construction company's stock valued at $154,000 after buying an additional 1,348 shares in the last quarter. &PARTNERS bought a new stake in shares of Armstrong World Industries during the second quarter worth $340,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Armstrong World Industries by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock worth $35,000 after acquiring an additional 89 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Armstrong World Industries by 16.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,120 shares of the construction company's stock worth $1,146,000 after purchasing an additional 1,466 shares during the period. 98.93% of the stock is owned by hedge funds and other 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.