Armstrong World Industries, Inc. (NYSE:AWI) Receives $140.83 Consensus Price Target from Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have earned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $140.83.

AWI has been the subject of several analyst reports. Evercore ISI increased their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Loop Capital increased their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. UBS Group increased their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $148.83 on Friday. The company’s fifty day moving average price is $150.55 and its 200-day moving average price is $136.56. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.63 and a beta of 1.18. Armstrong World Industries has a one year low of $96.69 and a one year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. On average, equities research 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 declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.83%. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, November 7th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.69%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AWI. Tealwood Asset Management Inc. increased its stake in Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 71 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Armstrong World Industries by 4.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after purchasing an additional 76 shares in the last quarter. Blue Trust Inc. increased its stake in Armstrong World Industries by 5.9% during the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after purchasing an additional 79 shares in the last quarter. US Bancorp DE increased its stake in Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after purchasing an additional 82 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake 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 valued at $399,000 after purchasing an additional 104 shares in the last quarter. 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.