Armstrong World Industries (NYSE:AWI) Price Target Raised to $140.00

Armstrong World Industries (NYSE:AWI) had its target price lifted by analysts at Evercore ISI from $127.00 to $140.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “in-line” rating on the construction company’s stock. Evercore ISI’s target price suggests a potential upside of 0.32% from the company’s previous close.

AWI has been the subject of a number of other research reports. Truist Financial increased their target price on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group lifted their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday. Jefferies Financial Group upped their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $140.83.

Armstrong World Industries Trading Down 0.6 %

NYSE:AWI opened at $139.55 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.19. The business’s 50-day simple moving average is $131.62 and its 200-day simple moving average is $122.52. Armstrong World Industries has a fifty-two week low of $74.37 and a fifty-two week high of $143.07. The stock has a market capitalization of $6.11 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The firm had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Sell-side analysts expect that Armstrong World Industries will post 6.07 earnings per share for the current fiscal year.

Institutional Trading of Armstrong World Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWI. Van ECK Associates Corp increased its stake in shares of Armstrong World Industries by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,543 shares of the construction company’s stock worth $4,082,000 after purchasing an additional 8,441 shares during the last quarter. US Bancorp DE increased its position in Armstrong World Industries by 13.9% during the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after buying an additional 82 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new position in Armstrong World Industries during the third quarter worth approximately $244,000. Custom Index Systems LLC bought a new stake in Armstrong World Industries in the third quarter valued at approximately $423,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Armstrong World Industries in the third quarter valued at approximately $227,000. 98.93% of the stock is owned by institutional investors.

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.