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

Shares of Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) have been assigned an average recommendation of "Hold" from the six analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $153.33.

Several equities analysts recently issued reports on the company. UBS Group boosted their price target 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. Truist Financial boosted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th.

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. Madison Investment Advisors LLC acquired a new stake in shares of Armstrong World Industries during the fourth quarter worth approximately $75,242,000. Norges Bank acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $71,822,000. Adage Capital Partners GP L.L.C. grew its position in Armstrong World Industries by 140.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock worth $94,126,000 after acquiring an additional 389,000 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Armstrong World Industries by 267.1% during 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 purchasing an additional 387,537 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Armstrong World Industries by 25.4% during the 4th quarter. Invesco Ltd. now owns 507,843 shares of the construction company's stock valued at $71,773,000 after purchasing an additional 102,895 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

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Armstrong World Industries Stock Performance

Shares of AWI traded down $2.32 during mid-day trading on Friday, hitting $141.68. The company's stock had a trading volume of 449,469 shares, compared to its average volume of 262,895. The stock's 50-day moving average is $148.74 and its two-hundred day moving average is $143.86. The firm has a market capitalization of $6.16 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries has a one year low of $110.68 and a one year high of $164.40.

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

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.87%. Armstrong World Industries's dividend payout ratio 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.