Armstrong World Industries (NYSE:AWI) Stock Price Expected to Rise, UBS Group Analyst Says

Armstrong World Industries (NYSE:AWI) had its price objective raised by research analysts at UBS Group from $150.00 to $158.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS Group’s price objective would suggest a potential upside of 3.29% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Evercore ISI raised 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 note on Wednesday, October 30th. Truist Financial raised 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. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Loop Capital boosted their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Hold” and a consensus target price of $145.40.

Armstrong World Industries Price Performance

Shares of AWI stock traded down $0.36 on Wednesday, reaching $152.96. The company had a trading volume of 82,285 shares, compared to its average volume of 224,809. The business’s 50-day moving average is $147.51 and its 200 day moving average is $142.04. The stock has a market capitalization of $6.67 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. Armstrong World Industries has a one year low of $110.68 and a one year high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The business’s revenue was up 17.7% on a year-over-year basis. Equities research analysts forecast that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors and hedge funds have recently modified their holdings of AWI. Creative Planning grew its stake in shares of Armstrong World Industries by 7.3% during the third quarter. Creative Planning now owns 2,079 shares of the construction company’s stock worth $273,000 after acquiring an additional 141 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Armstrong World Industries in the 3rd quarter valued at $227,000. First Trust Direct Indexing L.P. acquired a new position in shares of Armstrong World Industries during the third quarter valued at approximately $244,000. US Bancorp DE boosted its holdings in shares of Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after purchasing an additional 82 shares during the last quarter. Finally, Van ECK Associates Corp raised its position 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 valued at $4,082,000 after buying an additional 8,441 shares during the period. 98.93% of the stock is owned by institutional investors.

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.