Armstrong World Industries, Inc. (NYSE:AWI) Receives $110.17 Consensus Target Price from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $110.17.

Several equities analysts recently weighed in on the company. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Evercore ISI boosted their price objective on Armstrong World Industries from $117.00 to $119.00 and gave the company an “in-line” rating in a research note on Wednesday, May 1st. Finally, UBS Group raised their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st.

Armstrong World Industries Trading Up 3.8 %

Armstrong World Industries stock opened at $118.11 on Friday. The business has a 50-day simple moving average of $114.70 and a two-hundred day simple moving average of $112.56. Armstrong World Industries has a 52-week low of $68.35 and a 52-week high of $125.56. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a market cap of $5.17 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.70 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. The business had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $319.44 million. During the same period in the prior year, the company earned $1.12 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Analysts predict that Armstrong World Industries will post 5.89 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.12 annualized dividend and a yield of 0.95%. Armstrong World Industries’s payout ratio is 21.05%.

Hedge Funds Weigh In On Armstrong World Industries

Several hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its holdings in Armstrong World Industries by 3.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,291 shares of the construction company’s stock valued at $309,000 after acquiring an additional 159 shares during the last quarter. Tudor Investment Corp Et Al lifted its position in shares of Armstrong World Industries by 35.4% in the third quarter. Tudor Investment Corp Et Al now owns 99,666 shares of the construction company’s stock worth $7,176,000 after buying an additional 26,047 shares in the last quarter. Vanguard Group Inc. boosted its stake in Armstrong World Industries by 1.2% during the third quarter. Vanguard Group Inc. now owns 4,245,468 shares of the construction company’s stock valued at $305,674,000 after buying an additional 51,504 shares during the last quarter. Legato Capital Management LLC purchased a new position in Armstrong World Industries during the 4th quarter valued at approximately $224,000. Finally, State of Alaska Department of Revenue increased its stake in Armstrong World Industries by 211.3% in the 4th quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company’s stock worth $3,936,000 after acquiring an additional 27,179 shares during the last quarter. Hedge funds and other institutional investors 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.