Armstrong World Industries, Inc. (NYSE:AWI) Receives Average Rating of “Hold” from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $153.33.

AWI has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Truist Financial increased their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. UBS Group increased their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $139.79 on Friday. Armstrong World Industries has a 52-week low of $110.68 and a 52-week high of $164.40. The firm has a fifty day moving average of $148.71 and a 200-day moving average of $143.94. The firm has a market capitalization of $6.08 billion, a P/E ratio of 24.65, a PEG ratio of 1.60 and a beta of 1.25. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

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

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.88%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

Institutional Trading of Armstrong World Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new stake in shares of Armstrong World Industries during the 3rd quarter worth about $26,000. ORG Wealth Partners LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $32,000. Quent Capital LLC grew its stake in shares of Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after purchasing an additional 170 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $33,000. Finally, Twin Tree Management LP acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $43,000. 98.93% of the stock is currently owned by institutional investors.

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.