Armstrong World Industries, Inc. (NYSE:AWI) Receives $95.38 Average Target Price from Analysts

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $95.38.

Several research firms recently issued reports on AWI. Zelman & Associates raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 24th. Zacks Investment Research cut shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating and set a $107.00 price target for the company. in a report on Tuesday, September 28th.

Shares of NYSE:AWI traded up $0.56 on Monday, reaching $95.77. The company’s stock had a trading volume of 1,755 shares, compared to its average volume of 290,855. The stock’s 50-day moving average is $102.15 and its two-hundred day moving average is $103.12. Armstrong World Industries has a 52-week low of $57.96 and a 52-week high of $113.83. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.79 and a quick ratio of 1.32. The stock has a market capitalization of $4.56 billion, a P/E ratio of 27.36 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, July 26th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The firm had revenue of $280.00 million during the quarter, compared to analysts’ expectations of $272.23 million. Armstrong World Industries had a net margin of 16.45% and a return on equity of 39.56%. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Equities analysts forecast that Armstrong World Industries will post 4.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Thursday, August 5th were given a $0.21 dividend. The ex-dividend date was Wednesday, August 4th. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. Armstrong World Industries’s dividend payout ratio is presently 23.14%.

In other news, SVP Charles M. Chiappone sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 14th. The shares were sold at an average price of $99.98, for a total value of $1,249,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in Armstrong World Industries during the third quarter worth approximately $2,759,000. Hanseatic Management Services Inc. raised its stake in Armstrong World Industries by 23.7% during the third quarter. Hanseatic Management Services Inc. now owns 694 shares of the construction company’s stock worth $66,000 after purchasing an additional 133 shares during the period. Salvus Wealth Management LLC raised its stake in Armstrong World Industries by 1.5% during the third quarter. Salvus Wealth Management LLC now owns 17,152 shares of the construction company’s stock worth $1,638,000 after purchasing an additional 258 shares during the period. Sawtooth Solutions LLC purchased a new position in Armstrong World Industries during the second quarter worth approximately $270,000. Finally, Walleye Capital LLC purchased a new position in Armstrong World Industries during the second quarter worth approximately $2,609,000.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Mineral Fiber, Architectural Specialties and Unallocated Corporate. Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings.

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Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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