UBS Group Increases Armstrong World Industries (NYSE:AWI) Price Target to $158.00

Armstrong World Industries (NYSE:AWI) had its target price lifted by analysts at UBS Group from $150.00 to $158.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. UBS Group’s target price suggests a potential upside of 3.29% from the company’s current price.

AWI has been the subject of a number of other reports. Truist Financial upped their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Loop Capital raised their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Evercore ISI upped their target price on 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Armstrong World Industries has a consensus rating of “Hold” and a consensus target price of $145.40.

Armstrong World Industries Stock Down 0.2 %

Shares of AWI stock traded down $0.36 during mid-day trading on Wednesday, hitting $152.96. The stock had a trading volume of 82,285 shares, compared to its average volume of 224,809. The firm’s 50-day moving average is $147.51 and its two-hundred day moving average is $142.04. Armstrong World Industries has a 12-month low of $110.68 and a 12-month high of $164.40. The firm has a market capitalization of $6.67 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. The firm had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Armstrong World Industries

Large investors have recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in shares of Armstrong World Industries by 16.0% in the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after buying an additional 67,798 shares during the period. Quest Partners LLC lifted its position in Armstrong World Industries by 32.9% during the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock worth $2,625,000 after buying an additional 4,945 shares in the last quarter. Geode Capital Management LLC lifted its position in Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after buying an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Armstrong World Industries by 89.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 5,191 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Armstrong World Industries in the 3rd quarter valued at about $1,035,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

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.