share_log
Hi,
moomoo ID:0
Log Out
English
Back
  • English
  • 中文繁体
  • 中文简体

Armstrong World Industries, Inc. (NYSE:AWI) Receives Consensus Rating of "Moderate Buy" From Brokerages

Financial News Live ·  09/06 16:11

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.

Get Armstrong World Industries alerts:

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

(Get Rating)

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.

Featured Stories

  • Get a free copy of the StockNews.com research report on Armstrong World Industries (AWI)
  • MarketBeat Podcast: Stock Market, Bad News is Good News
  • Forget Bitcoin, Block's Ecosystems are the Real Growth Drivers
  • What Does an Inverted Yield Curve Mean For You?
  • SPY vs. QQQ: Which ETF Wins in 2022?
  • Could Snap Stock Rebound As Management Restructures?

Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.