Armstrong World Industries, Inc. (NYSE:AWI) Receives Consensus Recommendation of “Hold” from Analysts

Armstrong World Industries, Inc. (NYSE:AWI) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $140.83.

AWI has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective 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. Loop Capital upped their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI upped their price target on shares of 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, UBS Group boosted their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th.

Armstrong World Industries Stock Performance

Shares of NYSE AWI opened at $151.42 on Tuesday. The company has a market capitalization of $6.60 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The company’s fifty day moving average price is $148.52 and its 200 day moving average price is $140.04. Armstrong World Industries has a 1 year low of $101.73 and a 1 year high of $164.40.

Institutional Investors Weigh In On Armstrong World Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Armstrong World Industries during the second quarter worth $537,000. CWM LLC grew its holdings in shares of Armstrong World Industries by 64.3% during the 3rd quarter. CWM LLC now owns 1,058 shares of the construction company’s stock worth $139,000 after purchasing an additional 414 shares during the period. UMB Bank n.a. increased its position in shares of 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 purchasing an additional 153 shares during the last quarter. Creative Planning raised its holdings in Armstrong World Industries by 7.3% in the 3rd quarter. Creative Planning now owns 2,079 shares of the construction company’s stock valued at $273,000 after buying an additional 141 shares during the period. Finally, Hunter Perkins Capital Management LLC lifted its position in Armstrong World Industries by 3.7% in the third quarter. Hunter Perkins Capital Management LLC now owns 7,370 shares of the construction company’s stock valued at $969,000 after buying an additional 260 shares during the last quarter. 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.