Armstrong World Industries (NYSE:AWI - Free Report) had its target price raised by The Goldman Sachs Group from $163.00 to $180.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the construction company's stock.
A number of other equities analysts have also issued reports on AWI. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial upped their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, UBS Group raised their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $153.33.
Check Out Our Latest Analysis on Armstrong World Industries
Armstrong World Industries Stock Down 1.8 %
Shares of AWI traded down $2.71 during midday trading on Friday, reaching $149.36. 240,378 shares of the company were exchanged, compared to its average volume of 241,888. Armstrong World Industries has a 1-year low of $110.68 and a 1-year high of $164.40. The stock has a 50-day moving average price of $148.25 and a 200-day moving average price of $142.94. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.60 and a beta of 1.19.
Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $367.70 million during the quarter, compared to analysts' expectations of $364.98 million. During the same quarter in the prior year, the business earned $1.22 EPS. Armstrong World Industries's quarterly revenue was up 17.7% compared to the same quarter last year. Research analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current year.
Armstrong World Industries Announces Dividend
The firm also recently announced 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 is Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.82%. Armstrong World Industries's payout ratio is 20.40%.
Institutional Investors Weigh In On Armstrong World Industries
Several institutional investors and hedge funds have recently bought and sold shares of the business. Madison Investment Advisors LLC acquired a new position in Armstrong World Industries during the 4th quarter valued at approximately $75,242,000. Norges Bank bought a new stake in Armstrong World Industries in the fourth quarter valued at $71,822,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Armstrong World Industries by 140.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after acquiring an additional 389,000 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Armstrong World Industries by 267.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after acquiring an additional 387,537 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Armstrong World Industries by 25.4% in the 4th quarter. Invesco Ltd. now owns 507,843 shares of the construction company's stock worth $71,773,000 after acquiring an additional 102,895 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.
About Armstrong World Industries
(
Get Free Report)
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.
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