Armstrong World Industries (NYSE:AWI) Upgraded at StockNews.com

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

AWI has been the topic of several other reports. Loop Capital upped their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial increased 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. Jefferies Financial Group increased their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. UBS Group increased their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI increased 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 report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Armstrong World Industries presently has an average rating of “Hold” and a consensus target price of $140.83.

Armstrong World Industries Stock Down 0.1 %

AWI stock opened at $150.27 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $150.20 and its 200 day moving average is $137.55. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. Armstrong World Industries has a 1-year low of $97.47 and a 1-year high of $164.40.

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, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $386.60 million for 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%. Armstrong World Industries’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 earnings per share. Sell-side analysts predict that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AWI. Transcendent Capital Group LLC bought a new position in shares of Armstrong World Industries in the third quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new position in shares of Armstrong World Industries in the third quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new stake in Armstrong World Industries in the fourth quarter worth $32,000. Fortitude Family Office LLC purchased a new stake in Armstrong World Industries in the fourth quarter worth $33,000. Finally, Point72 DIFC Ltd purchased a new stake in Armstrong World Industries in the third quarter worth $47,000. Institutional investors own 98.93% of the company’s stock.

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.