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Armstrong World Industries, Inc. (NYSE:AWI) Given Average Recommendation of "Moderate Buy" by Brokerages

Defense World ·  09/26 15:01

Shares of Armstrong World Industries, Inc. (NYSE:AWI – Get Rating) have been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $112.80.

AWI has been the topic of a number of research reports. UBS Group dropped their price target on shares of Armstrong World Industries from $86.00 to $82.00 and set a "sell" rating on the stock 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 Wednesday, September 21st. The Goldman Sachs Group raised shares of Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 price target on the stock in a research note on Wednesday, July 13th. Loop Capital raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price target on the stock in a research note on Wednesday, June 15th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Armstrong World Industries in a research note on Wednesday, August 17th. They issued a "buy" rating and a $125.00 price target on the stock.

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Institutional Investors Weigh In On Armstrong World Industries

A number of hedge funds have recently bought and sold shares of AWI. Cantillon Capital Management LLC boosted its holdings in Armstrong World Industries by 47.6% during the first quarter. Cantillon Capital Management LLC now owns 1,785,922 shares of the construction company's stock valued at $160,750,000 after acquiring an additional 575,715 shares during the period. William Blair Investment Management LLC bought a new stake in Armstrong World Industries during the second quarter valued at about $33,129,000. Gates Capital Management Inc. boosted its holdings in Armstrong World Industries by 39.8% during the first quarter. Gates Capital Management Inc. now owns 1,244,821 shares of the construction company's stock valued at $112,046,000 after acquiring an additional 354,499 shares during the period. Cooke & Bieler LP boosted its holdings in Armstrong World Industries by 29.7% during the first quarter. Cooke & Bieler LP now owns 1,331,092 shares of the construction company's stock valued at $119,812,000 after acquiring an additional 304,922 shares during the period. Finally, Ceredex Value Advisors LLC bought a new stake in Armstrong World Industries during the second quarter valued at about $21,917,000.

Armstrong World Industries Stock Performance

Shares of AWI opened at $78.65 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.66 and a quick ratio of 1.14. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.27 and a beta of 1.23. The company has a 50-day moving average of $86.49 and a two-hundred day moving average of $85.48. Armstrong World Industries has a one year low of $73.25 and a one year high of $118.14.

Armstrong World Industries (NYSE:AWI – Get Rating) last released its earnings results on Tuesday, July 26th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.09). Armstrong World Industries had a return on equity of 41.11% and a net margin of 16.07%. The company had revenue of $321.00 million during the quarter, compared to analysts' expectations of $317.19 million. During the same quarter in the previous year, the company earned $1.16 EPS. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts expect that Armstrong World Industries will post 5.15 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th were issued a dividend of $0.231 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, August 3rd. Armstrong World Industries's dividend payout ratio (DPR) is 23.06%.

About Armstrong World Industries

(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.

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