Armstrong World Industries, Inc. (NYSE:AWI) Receives $153.33 Average PT from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) have earned a consensus rating of "Hold" from the six brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $153.33.

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

Armstrong World Industries Price Performance

Shares of NYSE AWI traded down $4.47 during mid-day trading on Wednesday, reaching $130.56. The company's stock had a trading volume of 379,820 shares, compared to its average volume of 268,263. The stock has a fifty day moving average of $147.04 and a two-hundred day moving average of $145.89. The firm has a market capitalization of $5.67 billion, a PE ratio of 23.03, a P/E/G ratio of 1.60 and a beta of 1.20. Armstrong World Industries has a 52 week low of $110.68 and a 52 week high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

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

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.308 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.94%. Armstrong World Industries's dividend payout ratio (DPR) is 20.40%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tealwood Asset Management Inc. boosted its position in Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock valued at $1,313,000 after buying an additional 71 shares during the period. Arizona State Retirement System raised its stake in shares of Armstrong World Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock valued at $1,792,000 after acquiring an additional 82 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Armstrong World Industries by 1.8% in the fourth quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock valued at $740,000 after purchasing an additional 93 shares during the period. Blue Trust Inc. grew its stake in Armstrong World Industries by 6.7% in the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock worth $215,000 after purchasing an additional 95 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Armstrong World Industries by 1.7% during the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock worth $865,000 after purchasing an additional 97 shares during the period. 98.93% of the stock is currently owned by institutional investors.

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.