UBS Group Raises Armstrong World Industries (NYSE:AWI) Price Target to $144.00

Armstrong World Industries (NYSE:AWI) had its target price lifted by stock analysts at UBS Group from $136.00 to $144.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. UBS Group’s price target indicates a potential upside of 3.19% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group upped their price target 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 upped their target price on Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, July 31st. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, Truist Financial raised their price objective on shares of Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Stock Down 0.6 %

Shares of AWI opened at $139.55 on Wednesday. The stock has a 50 day moving average price of $131.62 and a 200 day moving average price of $122.52. Armstrong World Industries has a one year low of $74.37 and a one year high of $143.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.76. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.92 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to analyst estimates of $386.69 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Equities research analysts forecast that Armstrong World Industries will post 6.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AWI. Allspring Global Investments Holdings LLC purchased a new position in shares of Armstrong World Industries in the 1st quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new position in Armstrong World Industries in the third quarter worth approximately $31,000. First Horizon Advisors Inc. lifted its stake in Armstrong World Industries by 33.0% in the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock worth $57,000 after acquiring an additional 125 shares during the last quarter. UMB Bank n.a. grew its holdings in Armstrong World Industries by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock worth $58,000 after acquiring an additional 153 shares in the last quarter. Finally, CWM LLC increased its position in shares of Armstrong World Industries by 17.3% in the 2nd quarter. CWM LLC now owns 644 shares of the construction company’s stock valued at $73,000 after purchasing an additional 95 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

About Armstrong World Industries

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.