Armstrong World Industries (NYSE:AWI) Lowered to “Hold” Rating by StockNews.com

Armstrong World Industries (NYSE:AWI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Other research analysts have also issued reports about the company. UBS Group lifted their target price on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Loop Capital increased their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Armstrong World Industries has an average rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Trading Up 1.9 %

NYSE:AWI traded up $2.78 during mid-day trading on Tuesday, hitting $145.69. The company had a trading volume of 166,528 shares, compared to its average volume of 173,104. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries has a fifty-two week low of $96.69 and a fifty-two week high of $164.40. The firm has a market cap of $6.35 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.01 and a beta of 1.18. The business’s fifty day moving average is $150.89 and its two-hundred day moving average is $135.57.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 earnings per share. As a group, research analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current year.

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in Armstrong World Industries during the third quarter worth $26,000. V Square Quantitative Management LLC acquired a new position in shares of Armstrong World Industries during the 3rd quarter worth about $31,000. ORG Wealth Partners LLC acquired a new position in shares of Armstrong World Industries during the 4th quarter worth about $32,000. Fortitude Family Office LLC bought a new stake in shares of Armstrong World Industries in the 4th quarter valued at about $33,000. Finally, Point72 DIFC Ltd acquired a new stake in Armstrong World Industries in the 3rd quarter valued at about $47,000. 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.