Armstrong World Industries, Inc. (NYSE:AWI) Receives $140.83 Average Target Price from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) have received an average rating of "Hold" from the six research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $140.83.

AWI has been the subject of several recent analyst reports. UBS Group boosted their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. 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. Truist Financial boosted their target price on Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Loop Capital upped their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th.

Armstrong World Industries Stock Performance

NYSE AWI traded down $1.79 during trading hours on Thursday, hitting $160.22. The company's stock had a trading volume of 157,917 shares, compared to its average volume of 302,888. The company has a market cap of $6.98 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.07 and a beta of 1.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The company's 50 day simple moving average is $142.65 and its two-hundred day simple moving average is $127.61. Armstrong World Industries has a 12 month low of $82.63 and a 12 month high of $164.40.

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

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.308 dividend. 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 dividend on an annualized basis and a yield of 0.77%. Armstrong World Industries's dividend payout ratio (DPR) is 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 business. Franklin Resources Inc. raised its position in Armstrong World Industries by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 22,982 shares of the construction company's stock worth $3,175,000 after buying an additional 7,958 shares during the last quarter. Tidal Investments LLC lifted its stake in Armstrong World Industries by 8.0% in the 3rd quarter. Tidal Investments LLC now owns 5,141 shares of the construction company's stock valued at $676,000 after buying an additional 381 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Armstrong World Industries by 21.8% during the third quarter. Sanctuary Advisors LLC now owns 5,590 shares of the construction company's stock valued at $735,000 after acquiring an additional 1,000 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Armstrong World Industries by 22.3% during the third quarter. TD Private Client Wealth LLC now owns 2,141 shares of the construction company's stock valued at $281,000 after buying an additional 391 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock worth $111,954,000 after purchasing an additional 34,028 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

About Armstrong World Industries

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.