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

Armstrong World Industries, Inc. (NYSE:AWI) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $140.83.

Several brokerages have issued reports on AWI. Truist Financial lifted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Loop Capital boosted their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AWI. Transcendent Capital Group LLC purchased a new stake in shares of Armstrong World Industries during the 3rd quarter valued at about $26,000. V Square Quantitative Management LLC bought a new position in Armstrong World Industries in the third quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries during the 4th quarter worth $32,000. Fortitude Family Office LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at $33,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Armstrong World Industries in the 3rd quarter worth $47,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $151.15 on Friday. Armstrong World Industries has a twelve month low of $96.69 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. The company has a market capitalization of $6.59 billion, a P/E ratio of 26.66, a PEG ratio of 1.72 and a beta of 1.18. The stock’s 50 day moving average is $150.35 and its 200 day moving average is $137.09.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $386.60 million for the quarter, compared to analysts’ expectations of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share. 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 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.