7. AFFORDABLE AND CLEAN ENERGY

Armstrong World Industries (NYSE:AWI) PT Raised to $131.00 at Truist Financial

Written by Amanda

Armstrong World Industries (NYSE:AWIFree Report) had its price target hoisted by Truist Financial from $95.00 to $131.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other analysts have also recently issued reports on the company. UBS Group upgraded Armstrong World Industries from a sell rating to a neutral rating and increased their target price for the stock from $75.00 to $103.00 in a research report on Thursday, January 4th. StockNews.com cut Armstrong World Industries from a buy rating to a hold rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Armstrong World Industries has a consensus rating of Hold and an average target price of $98.50.

Get Our Latest Report on AWI

Armstrong World Industries Trading Up 1.4 %

Armstrong World Industries stock opened at $119.06 on Wednesday. The firm has a 50 day moving average of $100.69 and a 200 day moving average of $85.40. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 2.07 and a beta of 1.09. Armstrong World Industries has a 12-month low of $62.03 and a 12-month high of $119.94. The company has a current ratio of 1.88, a quick ratio of 1.31 and a debt-to-equity ratio of 1.07.

Armstrong World Industries (NYSE:AWIGet Free Report) last released its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.54% and a return on equity of 41.76%. The company had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $305.44 million. During the same quarter in the previous year, the company earned $1.08 EPS. Armstrong World Industries’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts predict that Armstrong World Industries will post 5.13 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 29th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, February 28th. Armstrong World Industries’s dividend payout ratio is presently 22.36%.

Insider Buying and Selling at Armstrong World Industries

In other news, CEO Victor Grizzle sold 22,914 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $99.02, for a total value of $2,268,944.28. Following the sale, the chief executive officer now directly owns 332,435 shares in the company, valued at approximately $32,917,713.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWI. Headlands Technologies LLC purchased a new position in Armstrong World Industries in the fourth quarter worth about $27,000. Signaturefd LLC raised its holdings in Armstrong World Industries by 182.0% during the 3rd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock valued at $28,000 after buying an additional 253 shares during the period. CWM LLC raised its holdings in Armstrong World Industries by 68.7% during the 2nd quarter. CWM LLC now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 167 shares during the period. Covestor Ltd raised its holdings in Armstrong World Industries by 334.2% during the 2nd quarter. Covestor Ltd now owns 495 shares of the construction company’s stock valued at $36,000 after buying an additional 381 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Armstrong World Industries during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

About Armstrong World Industries

(Get Free Report)

Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling and wall systems in the United States, Canada, and Latin America. It operates through Mineral Fiber and Architectural Specialties segments. The company offers suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall products; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and facade and partition products.

Recommended Stories

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)



Receive News & Ratings for Armstrong World Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Armstrong World Industries and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

Armstrong World Industries (NYSE:AWIFree Report) had its price target hoisted by Truist Financial from $95.00 to $131.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other analysts have also recently issued reports on the company. UBS Group upgraded Armstrong World Industries from a sell rating to a neutral rating and increased their target price for the stock from $75.00 to $103.00 in a research report on Thursday, January 4th. StockNews.com cut Armstrong World Industries from a buy rating to a hold rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Armstrong World Industries has a consensus rating of Hold and an average target price of $98.50.

Get Our Latest Report on AWI

Armstrong World Industries Trading Up 1.4 %

Armstrong World Industries stock opened at $119.06 on Wednesday. The firm has a 50 day moving average of $100.69 and a 200 day moving average of $85.40. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 2.07 and a beta of 1.09. Armstrong World Industries has a 12-month low of $62.03 and a 12-month high of $119.94. The company has a current ratio of 1.88, a quick ratio of 1.31 and a debt-to-equity ratio of 1.07.

Armstrong World Industries (NYSE:AWIGet Free Report) last released its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.54% and a return on equity of 41.76%. The company had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $305.44 million. During the same quarter in the previous year, the company earned $1.08 EPS. Armstrong World Industries’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts predict that Armstrong World Industries will post 5.13 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 29th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, February 28th. Armstrong World Industries’s dividend payout ratio is presently 22.36%.

Insider Buying and Selling at Armstrong World Industries

In other news, CEO Victor Grizzle sold 22,914 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $99.02, for a total value of $2,268,944.28. Following the sale, the chief executive officer now directly owns 332,435 shares in the company, valued at approximately $32,917,713.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWI. Headlands Technologies LLC purchased a new position in Armstrong World Industries in the fourth quarter worth about $27,000. Signaturefd LLC raised its holdings in Armstrong World Industries by 182.0% during the 3rd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock valued at $28,000 after buying an additional 253 shares during the period. CWM LLC raised its holdings in Armstrong World Industries by 68.7% during the 2nd quarter. CWM LLC now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 167 shares during the period. Covestor Ltd raised its holdings in Armstrong World Industries by 334.2% during the 2nd quarter. Covestor Ltd now owns 495 shares of the construction company’s stock valued at $36,000 after buying an additional 381 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Armstrong World Industries during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

About Armstrong World Industries

(Get Free Report)

Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling and wall systems in the United States, Canada, and Latin America. It operates through Mineral Fiber and Architectural Specialties segments. The company offers suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall products; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and facade and partition products.

Recommended Stories

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)



Receive News & Ratings for Armstrong World Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Armstrong World Industries and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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