Shares of Armstrong World Industries, Inc. (NYSE:AWI – Get Rating) have been given an average rating of "Moderate Buy" by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $112.80.
Several research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Armstrong World Industries from $86.00 to $82.00 and set a "sell" rating for the company in a research note on Wednesday, July 27th. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 23rd. Loop Capital raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price objective for the company in a research note on Wednesday, June 15th. They noted that the move was a valuation call. The Goldman Sachs Group raised shares of Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 price objective for the company in a research note on Wednesday, July 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Armstrong World Industries in a research note on Wednesday, August 17th. They set a "buy" rating and a $125.00 price objective for the company.
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Armstrong World Industries Price Performance
Armstrong World Industries stock opened at $83.22 on Thursday. Armstrong World Industries has a 52 week low of $73.25 and a 52 week high of $118.14. The company has a quick ratio of 1.14, a current ratio of 1.66 and a debt-to-equity ratio of 1.25. The firm's 50-day simple moving average is $84.45 and its 200 day simple moving average is $86.36. The firm has a market capitalization of $3.86 billion, a PE ratio of 20.86, a P/E/G ratio of 1.35 and a beta of 1.23.
Armstrong World Industries (NYSE:AWI – Get Rating) last announced its earnings results on Tuesday, July 26th. The construction company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.09). Armstrong World Industries had a net
margin of 16.07% and a return on equity of 41.11%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $317.19 million. During the same period in the previous year, the firm posted $1.16 EPS. The company's revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts predict that Armstrong World Industries will post 5.15 EPS for the current fiscal year.
Armstrong World Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were given a dividend of $0.231 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, August 3rd. Armstrong World Industries's dividend payout ratio (DPR) is presently 23.06%.
Institutional Trading of Armstrong World Industries
Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its holdings in Armstrong World Industries by 402.7% in the 2nd quarter. US Bancorp DE now owns 367 shares of the construction company's stock worth $28,000 after acquiring an additional 294 shares during the period. Exane Derivatives purchased a new position in Armstrong World Industries in the 1st quarter worth approximately $39,000. Point72 Hong Kong Ltd purchased a new position in Armstrong World Industries in the 2nd quarter worth approximately $38,000. Covestor Ltd purchased a new position in Armstrong World Industries in the 4th quarter worth approximately $78,000. Finally, AdvisorNet Financial Inc boosted its holdings in Armstrong World Industries by 33.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,155 shares of the construction company's stock worth $104,000 after acquiring an additional 290 shares during the period.
Armstrong World Industries Company Profile
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Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.
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