Armstrong World Industries, Inc. (NYSE:AWI) Given Average Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $207.50.

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Truist Financial raised 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. Vertical Research started coverage on Armstrong World Industries in a report on Monday, October 20th. They set a “buy” rating and a $238.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th.

Get Our Latest Analysis on Armstrong World Industries

Institutional Trading of Armstrong World Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in AWI. Root Financial Partners LLC acquired a new position in Armstrong World Industries in the third quarter worth approximately $25,000. CIBC Private Wealth Group LLC boosted its stake in shares of Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after acquiring an additional 145 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Armstrong World Industries in the 3rd quarter worth $35,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Armstrong World Industries during the second quarter worth $32,000. Finally, Bessemer Group Inc. raised its position in shares of Armstrong World Industries by 70.0% during the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock worth $44,000 after purchasing an additional 91 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Down 0.7%

AWI opened at $186.21 on Monday. The stock’s 50 day moving average price is $191.08 and its 200 day moving average price is $182.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The stock has a market cap of $8.03 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.84 and a beta of 1.30. Armstrong World Industries has a 12 month low of $122.37 and a 12 month high of $206.08.

Armstrong World Industries (NYSE:AWI – Get Free Report) last released its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The company had revenue of $325.00 million during the quarter. As a group, research analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, November 6th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s dividend payout ratio is currently 19.46%.

Armstrong World Industries Company Profile

(Get Free Report)

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.

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