Analysts Set Armstrong World Industries, Inc. (NYSE:AWI) Price Target at $140.83

Armstrong World Industries, Inc. (NYSE:AWI) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $140.83.

AWI has been the topic of a number of recent research reports. Loop Capital raised 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. Truist Financial raised their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. 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 research note on Wednesday, October 30th. Jefferies Financial Group raised their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI upped their price target on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th.

Armstrong World Industries Trading Down 1.0 %

NYSE:AWI opened at $143.65 on Monday. The firm has a 50-day simple moving average of $150.35 and a 200-day simple moving average of $133.27. Armstrong World Industries has a one year low of $95.24 and a one year high of $164.40. The firm has a market cap of $6.26 billion, a P/E ratio of 25.34, a P/E/G ratio of 2.01 and a beta of 1.15. 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 (NYSE:AWI) last issued 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. The company had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. Armstrong World Industries’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Equities analysts anticipate that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.308 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.86%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.69%.

Institutional Trading of Armstrong World Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Armstrong World Industries by 53.0% in the third quarter. Franklin Resources Inc. now owns 22,982 shares of the construction company’s stock worth $3,175,000 after purchasing an additional 7,958 shares during the last quarter. Tidal Investments LLC increased its holdings in Armstrong World Industries by 8.0% in the 3rd quarter. Tidal Investments LLC now owns 5,141 shares of the construction company’s stock worth $676,000 after buying an additional 381 shares during the period. Sanctuary Advisors LLC raised its position in Armstrong World Industries by 21.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,590 shares of the construction company’s stock worth $735,000 after buying an additional 1,000 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Armstrong World Industries by 22.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,141 shares of the construction company’s stock valued at $281,000 after acquiring an additional 391 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after acquiring an additional 34,028 shares during the last quarter. Institutional investors and hedge funds 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.