Armstrong World Industries, Inc. (NYSE:AWI) Receives Consensus Recommendation of "Hold" from Analysts

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has been given a consensus recommendation of "Hold" by the six brokerages that are presently covering the firm, Marketbeat reports. Four investment 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 brokerages that have updated their coverage on the stock in the last year is $140.83.

A number of analysts have recently weighed in on AWI shares. Evercore ISI upped their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Tuesday. Truist Financial increased 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 report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Loop Capital upped their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors have recently added to or reduced their stakes in AWI. Transcendent Capital Group LLC bought a new position in shares of Armstrong World Industries during the third quarter worth about $26,000. V Square Quantitative Management LLC bought a new stake in Armstrong World Industries during the third quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new position in Armstrong World Industries in the 4th quarter worth about $32,000. Fortitude Family Office LLC acquired a new position in Armstrong World Industries during the fourth quarter valued at $33,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Armstrong World Industries during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

Armstrong World Industries stock traded up $0.73 during mid-day trading on Friday, reaching $148.83. The company had a trading volume of 147,649 shares, compared to its average volume of 173,295. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $150.65 and a 200-day moving average of $135.97. Armstrong World Industries has a 52 week low of $96.69 and a 52 week high of $164.40. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.63 and a beta of 1.18.

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

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.83%. This is an increase from Armstrong World Industries's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, November 7th. Armstrong World Industries's payout ratio is presently 21.69%.

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.