Armstrong World Industries (NYSE:AWI) Given New $180.00 Price Target at The Goldman Sachs Group

Armstrong World Industries (NYSE:AWI) had its target price hoisted by The Goldman Sachs Group from $163.00 to $180.00 in a research report report published on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the construction company’s stock.

A number of other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial lifted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group increased their target price on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $153.33.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $153.44 on Friday. The stock’s 50 day moving average is $148.07 and its 200 day moving average is $142.41. The company has a market capitalization of $6.69 billion, a P/E ratio of 27.06, a PEG ratio of 1.60 and a beta of 1.19. Armstrong World Industries has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. During the same period last year, the business earned $1.22 EPS. Armstrong World Industries’s revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries’s dividend payout ratio (DPR) is 20.40%.

Hedge Funds Weigh In On Armstrong World Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in shares of Armstrong World Industries in the third quarter worth about $26,000. ORG Wealth Partners LLC purchased a new stake in Armstrong World Industries in the 4th quarter worth approximately $32,000. Quent Capital LLC raised its stake in Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after acquiring an additional 170 shares during the period. Fortitude Family Office LLC bought a new stake in Armstrong World Industries during the 4th quarter worth approximately $33,000. Finally, Twin Tree Management LP purchased a new position in Armstrong World Industries during the fourth quarter valued at approximately $43,000. 98.93% of the stock is currently owned by hedge funds and other 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.