Armstrong World Industries (NYSE:AWI) Given New $210.00 Price Target at Bank of America

Armstrong World Industries (NYSE:AWI) had its price target cut by research analysts at Bank of America from $216.00 to $210.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Bank of America‘s price target would suggest a potential upside of 16.96% from the stock’s previous close.

AWI has been the topic of several other reports. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.00.

Armstrong World Industries Stock Performance

AWI stock opened at $179.55 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The company has a 50-day simple moving average of $175.83 and a 200 day simple moving average of $185.80. Armstrong World Industries has a fifty-two week low of $128.65 and a fifty-two week high of $206.08. The company has a market capitalization of $7.69 billion, a P/E ratio of 25.36, a PEG ratio of 1.98 and a beta of 1.32.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, February 24th. The construction company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.06). Armstrong World Industries had a return on equity of 37.80% and a net margin of 19.05%.The business had revenue of $388.30 million during the quarter, compared to the consensus estimate of $400.87 million. During the same quarter last year, the firm posted $1.50 earnings per share. Armstrong World Industries’s revenue was up 5.6% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Institutional Trading of Armstrong World Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in Armstrong World Industries by 31.7% during the 1st quarter. SG Americas Securities LLC now owns 129,686 shares of the construction company’s stock worth $21,372,000 after buying an additional 31,192 shares during the period. Hsbc Holdings PLC raised its holdings in Armstrong World Industries by 188.3% during the 4th quarter. Hsbc Holdings PLC now owns 11,725 shares of the construction company’s stock worth $2,244,000 after buying an additional 7,658 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Armstrong World Industries by 7.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,352 shares of the construction company’s stock worth $258,000 after buying an additional 90 shares during the period. Corient Private Wealth LLC raised its holdings in Armstrong World Industries by 39.9% during the 4th quarter. Corient Private Wealth LLC now owns 20,946 shares of the construction company’s stock worth $4,004,000 after buying an additional 5,974 shares during the period. Finally, Kera Capital Partners Inc. raised its holdings in Armstrong World Industries by 184.7% during the 4th quarter. Kera Capital Partners Inc. now owns 3,209 shares of the construction company’s stock worth $590,000 after buying an additional 2,082 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.