Armstrong World Industries, Inc. (NYSE:AWI) Receives $140.83 Consensus Target Price from Brokerages

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have been given an average rating of “Hold” by the six analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $140.83.

AWI has been the topic of several recent research reports. Truist Financial raised their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital raised their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price objective 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, Jefferies Financial Group raised their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th.

Institutional Trading of Armstrong World Industries

Hedge funds have recently made changes to their positions in the stock. Tealwood Asset Management Inc. raised its position in Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 71 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after buying an additional 76 shares in the last quarter. Blue Trust Inc. lifted its position in Armstrong World Industries by 5.9% during the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after purchasing an additional 79 shares during the period. US Bancorp DE lifted its position in Armstrong World Industries by 13.9% during the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after purchasing an additional 82 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in Armstrong World Industries by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after buying an additional 104 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Down 0.5 %

Shares of NYSE:AWI opened at $150.51 on Friday. The company has a market capitalization of $6.56 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. Armstrong World Industries has a 52-week low of $96.69 and a 52-week high of $164.40. The company has a fifty day moving average of $150.26 and a 200-day moving average of $137.29. 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 (NYSE:AWI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. During the same period in the prior year, the business posted $1.60 earnings per share. Armstrong World Industries’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts predict that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

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.