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

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $140.83.

Several research analysts have recently issued reports on AWI shares. UBS Group boosted their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a report on Wednesday. Loop Capital boosted their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Truist Financial boosted their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Jefferies Financial Group raised their target price on Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th.

Armstrong World Industries Stock Performance

AWI stock traded up $1.04 during midday trading on Friday, hitting $140.59. 210,436 shares of the company traded hands, compared to its average volume of 242,909. Armstrong World Industries has a twelve month low of $77.73 and a twelve month high of $143.07. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business has a 50 day simple moving average of $131.91 and a 200-day simple moving average of $122.74.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. As a group, equities research analysts predict that Armstrong World Industries will post 6.19 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.308 per share. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 7th. Armstrong World Industries's dividend payout ratio is 19.75%.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors and hedge funds have recently made changes to their positions in AWI. Transcendent Capital Group LLC bought a new position in shares of Armstrong World Industries in the 3rd quarter valued at about $26,000. Covestor Ltd lifted its holdings in Armstrong World Industries by 315.5% in the third quarter. Covestor Ltd now owns 1,205 shares of the construction company's stock valued at $158,000 after buying an additional 915 shares during the period. Atria Investments Inc boosted its stake in Armstrong World Industries by 2.7% in the third quarter. Atria Investments Inc now owns 10,714 shares of the construction company's stock valued at $1,408,000 after acquiring an additional 284 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Armstrong World Industries by 3.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company's stock worth $399,000 after acquiring an additional 104 shares during the period. Finally, SpiderRock Advisors LLC bought a new stake in shares of Armstrong World Industries during the 3rd quarter valued at $964,000. Institutional investors 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.