Armstrong World Industries, Inc. (NYSE:AWI) Receives $140.83 Consensus PT from Analysts

Armstrong World Industries, Inc. (NYSE:AWI) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $140.83.

AWI has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Evercore ISI boosted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Loop Capital increased their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. UBS Group upped their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on shares of 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

NYSE:AWI opened at $144.72 on Monday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. 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 has a 52 week low of $95.24 and a 52 week high of $164.40. The company has a fifty day simple moving average of $150.22 and a two-hundred day simple moving average of $132.85.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping 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%. Armstrong World Industries’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 EPS. As a group, equities analysts anticipate that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.85%. Armstrong World Industries’s dividend payout ratio (DPR) is 21.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Jupiter Asset Management Ltd. grew its holdings in shares of Armstrong World Industries by 1,369.3% during the second quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock worth $27,872,000 after buying an additional 229,378 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Armstrong World Industries by 46.0% in the second quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock valued at $52,155,000 after purchasing an additional 145,133 shares during the period. Natixis Advisors LLC increased its holdings in shares of Armstrong World Industries by 35.0% in the second quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock valued at $48,049,000 after purchasing an additional 110,111 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Armstrong World Industries by 171.0% during the second quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company’s stock worth $14,263,000 after purchasing an additional 79,475 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Armstrong World Industries by 27.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company’s stock valued at $35,385,000 after buying an additional 67,954 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

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.