Armstrong World Industries (NYSE:AWI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Armstrong World Industries (NYSE:AWI) from a hold rating to a buy rating in a report issued on Tuesday morning.

A number of other equities research analysts also recently issued reports on AWI. Evercore ISI boosted their price objective on shares of Armstrong World Industries from $119.00 to $127.00 and gave the company an in-line rating in a research report on Wednesday, July 31st. UBS Group boosted their price target on Armstrong World Industries from $122.00 to $136.00 and gave the company a neutral rating in a report on Wednesday, July 31st. Finally, Truist Financial raised their price objective on Armstrong World Industries from $131.00 to $148.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $135.75.

Armstrong World Industries Stock Up 1.9 %

AWI stock opened at $125.85 on Tuesday. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.83 and a beta of 1.14. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.22 and a current ratio of 1.76. The business’s 50-day moving average is $119.56 and its two-hundred day moving average is $117.72. Armstrong World Industries has a fifty-two week low of $68.35 and a fifty-two week high of $134.90.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07. The firm had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS. As a group, analysts forecast that Armstrong World Industries will post 6.07 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Thursday, August 8th. Armstrong World Industries’s dividend payout ratio is currently 21.05%.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors grew its position in shares of Armstrong World Industries by 1.3% during the fourth quarter. Capital International Investors now owns 4,999,503 shares of the construction company’s stock worth $491,551,000 after purchasing an additional 63,618 shares in the last quarter. Vanguard Group Inc. grew its holdings in Armstrong World Industries by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock valued at $468,315,000 after buying an additional 517,699 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Armstrong World Industries by 56.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company’s stock valued at $155,991,000 after buying an additional 569,824 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Armstrong World Industries by 1.5% during the second quarter. Burgundy Asset Management Ltd. now owns 1,151,442 shares of the construction company’s stock valued at $130,389,000 after buying an additional 17,075 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Armstrong World Industries by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,049,763 shares of the construction company’s stock worth $103,215,000 after buying an additional 32,133 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.