Brokerages Set Armstrong World Industries, Inc. (NYSE:AWI) PT at $140.83

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

A number of brokerages have weighed in on AWI. Truist Financial boosted their price target 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. Evercore ISI boosted their price target 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. Jefferies Financial Group boosted 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. Loop Capital boosted their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday.

Armstrong World Industries Price Performance

NYSE:AWI opened at $150.51 on Friday. 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 stock’s 50-day simple moving average is $150.26 and its 200 day simple moving average is $137.29. The company has a market cap of $6.56 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.75 and a beta of 1.18. Armstrong World Industries has a 52-week low of $96.69 and a 52-week high of $164.40.

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, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.60 earnings per share. As a group, sell-side analysts forecast that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC boosted its stake 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 boosted its stake in shares of Armstrong World Industries by 32.9% in the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after buying an additional 4,945 shares during the period. Geode Capital Management LLC boosted its stake in shares of Armstrong World Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after buying an additional 34,028 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Armstrong World Industries by 247.4% in the second quarter. Hsbc Holdings PLC now owns 11,405 shares of the construction company’s stock valued at $1,288,000 after buying an additional 8,122 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Armstrong World Industries by 70.7% in the second quarter. Sei Investments Co. now owns 89,196 shares of the construction company’s stock valued at $10,101,000 after buying an additional 36,955 shares during the period. 98.93% of the stock is currently 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.