Analysts Set Armstrong World Industries, Inc. (NYSE:AWI) Price Target at $211.86

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $211.8571.

AWI has been the topic of several analyst reports. UBS Group decreased their target price on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Bank of America cut their price target on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, April 28th.

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB lifted its holdings in Armstrong World Industries by 10.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 12,830 shares of the construction company’s stock worth $2,058,000 after buying an additional 1,200 shares during the period. Salvus Wealth Management LLC raised its holdings in shares of Armstrong World Industries by 31.8% during the second quarter. Salvus Wealth Management LLC now owns 15,141 shares of the construction company’s stock valued at $2,429,000 after acquiring an additional 3,654 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Armstrong World Industries by 88.4% during the second quarter. Assenagon Asset Management S.A. now owns 136,597 shares of the construction company’s stock valued at $21,913,000 after acquiring an additional 64,077 shares in the last quarter. GAMMA Investing LLC lifted its stake in Armstrong World Industries by 17.3% in the second quarter. GAMMA Investing LLC now owns 5,215 shares of the construction company’s stock worth $837,000 after acquiring an additional 769 shares during the period. Finally, Empowered Funds LLC bought a new stake in Armstrong World Industries in the first quarter valued at $230,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

AWI opened at $164.96 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $156.77 and its 200 day simple moving average is $170.58. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.74 and a beta of 1.17. Armstrong World Industries has a 1 year low of $150.28 and a 1 year high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.13). The company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. As a group, analysts predict that Armstrong World Industries will post 8.31 earnings per share for the current year.

Armstrong World Industries declared that its Board of Directors has initiated a share repurchase plan on Tuesday, July 21st that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be paid a $0.339 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.29%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.