StockNews.com Upgrades Armstrong World Industries (NYSE:AWI) to “Buy”

Armstrong World Industries (NYSE:AWI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other brokerages have also weighed in on AWI. 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 research report on Wednesday, October 30th. UBS Group increased their target price on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their target price 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. Evercore ISI increased their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and a consensus target price of $140.83.

Armstrong World Industries Stock Performance

AWI stock opened at $151.15 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.59 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.72 and a beta of 1.18. Armstrong World Industries has a 12-month low of $96.69 and a 12-month high of $164.40. The stock’s 50 day simple moving average is $150.35 and its 200 day simple moving average is $137.09.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 EPS. As a group, equities research analysts predict that Armstrong World Industries will post 6.18 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Tealwood Asset Management Inc. boosted its stake in Armstrong World Industries by 0.8% during the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after buying an additional 71 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Armstrong World Industries by 4.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after purchasing an additional 76 shares during the period. Blue Trust Inc. boosted its position in shares of Armstrong World Industries by 5.9% in the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after purchasing an additional 79 shares during the period. US Bancorp DE boosted its position in shares of Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after purchasing an additional 82 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in shares of Armstrong World Industries by 3.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after purchasing an additional 104 shares during the period. Institutional investors own 98.93% of the company’s stock.

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.