Brokerages Set Armstrong World Industries, Inc. (NYSE:AWI) Target Price at $207.50

Armstrong World Industries, Inc. (NYSE:AWI) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $207.50.

A number of research firms recently commented on AWI. Zacks Research downgraded Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Truist Financial raised their price target on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Wall Street Zen downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AWI. Kayne Anderson Rudnick Investment Management LLC grew its stake in Armstrong World Industries by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company’s stock valued at $188,615,000 after acquiring an additional 8,762 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Armstrong World Industries by 3.0% during the second quarter. Burgundy Asset Management Ltd. now owns 1,321,078 shares of the construction company’s stock valued at $214,596,000 after purchasing an additional 38,082 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Armstrong World Industries by 0.8% in the second quarter. Geode Capital Management LLC now owns 943,284 shares of the construction company’s stock valued at $153,248,000 after purchasing an additional 7,378 shares during the period. AQR Capital Management LLC increased its stake in shares of Armstrong World Industries by 64.1% during the third quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock worth $173,775,000 after purchasing an additional 348,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Armstrong World Industries by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 860,799 shares of the construction company’s stock worth $168,716,000 after purchasing an additional 2,799 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Up 1.2%

NYSE:AWI opened at $184.31 on Monday. The company has a market capitalization of $7.95 billion, a P/E ratio of 26.37, a PEG ratio of 1.80 and a beta of 1.30. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. Armstrong World Industries has a 12 month low of $122.37 and a 12 month high of $206.08. The firm has a fifty day simple moving average of $191.48 and a 200-day simple moving average of $182.32.

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

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a $0.339 dividend. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. Armstrong World Industries’s payout ratio is presently 19.46%.

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.