Brokerages Set Armstrong World Industries, Inc. (NYSE:AWI) Target Price at $197.14

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $202.25.

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Vertical Research assumed coverage on shares of Armstrong World Industries in a research note on Monday. They issued a “buy” rating and a $238.00 price objective for the company. Truist Financial increased their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 12th. UBS Group reissued a “neutral” rating and issued a $178.00 price objective (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Finally, Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the company a “hold” rating in a research note on Wednesday, July 30th.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $203.14 on Friday. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $196.59 and a 200 day simple moving average of $171.51. Armstrong World Industries has a one year low of $122.37 and a one year high of $205.97.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. The business had revenue of $325.00 million during the quarter. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. Research analysts predict 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 will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a dividend of $0.339 per share. The ex-dividend date of this dividend is Thursday, November 6th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. Armstrong World Industries’s payout ratio is 18.20%.

Hedge Funds Weigh In On Armstrong World Industries

Several large investors have recently modified their holdings of the business. Wealth Alliance LLC raised its stake in shares of Armstrong World Industries by 2.5% during the second quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock valued at $380,000 after acquiring an additional 56 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Armstrong World Industries by 4.2% during the third quarter. Blue Trust Inc. now owns 1,548 shares of the construction company’s stock valued at $303,000 after acquiring an additional 63 shares during the last quarter. Bridges Investment Management Inc. raised its stake in shares of Armstrong World Industries by 3.4% during the first quarter. Bridges Investment Management Inc. now owns 3,027 shares of the construction company’s stock valued at $426,000 after acquiring an additional 100 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Armstrong World Industries by 0.6% during the second quarter. Yousif Capital Management LLC now owns 16,398 shares of the construction company’s stock valued at $2,664,000 after acquiring an additional 100 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Armstrong World Industries by 28.9% during the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Company Profile

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.