Analysts Set Armstrong World Industries Inc (NYSE:AWI) Price Target at $104.50

Shares of Armstrong World Industries Inc (NYSE:AWI) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $105.57.

AWI has been the subject of several research reports. ValuEngine lowered Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Exane BNP Paribas initiated coverage on Armstrong World Industries in a research report on Wednesday, October 9th. They issued an “underperform” rating for the company. Zacks Investment Research raised Armstrong World Industries from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a research report on Tuesday, October 29th. Goldman Sachs Group initiated coverage on Armstrong World Industries in a research report on Friday. They issued a “buy” rating and a $112.00 target price for the company. Finally, BNP Paribas initiated coverage on Armstrong World Industries in a research report on Wednesday, October 9th. They set an “underperform” rating for the company.

A number of hedge funds have recently bought and sold shares of AWI. Price T Rowe Associates Inc. MD increased its position in Armstrong World Industries by 56.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,472,013 shares of the construction company’s stock valued at $629,080,000 after buying an additional 2,338,327 shares in the last quarter. JPMorgan Chase & Co. increased its position in Armstrong World Industries by 359.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 498,919 shares of the construction company’s stock valued at $48,804,000 after buying an additional 390,234 shares in the last quarter. Victory Capital Management Inc. bought a new position in Armstrong World Industries during the 2nd quarter valued at approximately $28,325,000. Renaissance Technologies LLC increased its position in Armstrong World Industries by 72.9% during the 2nd quarter. Renaissance Technologies LLC now owns 678,300 shares of the construction company’s stock valued at $65,931,000 after buying an additional 285,900 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in Armstrong World Industries during the 2nd quarter valued at approximately $26,656,000.

Shares of NYSE:AWI traded down $0.05 during trading on Friday, hitting $94.47. The stock had a trading volume of 15,358 shares, compared to its average volume of 347,713. Armstrong World Industries has a 12 month low of $54.34 and a 12 month high of $104.50. The company has a market capitalization of $4.58 billion, a PE ratio of 25.81, a PEG ratio of 1.32 and a beta of 1.59. The firm’s fifty day moving average is $96.29 and its 200 day moving average is $95.70. The company has a quick ratio of 1.60, a current ratio of 2.09 and a debt-to-equity ratio of 1.77.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, October 28th. The construction company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.08. Armstrong World Industries had a return on equity of 78.13% and a net margin of 19.55%. The firm had revenue of $277.10 million during the quarter, compared to analyst estimates of $289.93 million. During the same quarter in the prior year, the company earned $1.11 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that Armstrong World Industries will post 4.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, November 6th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.18. Armstrong World Industries’s dividend payout ratio (DPR) is 21.86%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc 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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Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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