Armstrong World Industries (NYSE:AWI) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Armstrong World Industries (NYSE:AWI) from a hold rating to a buy rating in a report published on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Loop Capital increased their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. UBS Group raised their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Trading Up 0.3 %

Shares of NYSE:AWI opened at $151.58 on Wednesday. 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 moving average is $150.31 and its 200-day moving average is $137.19. Armstrong World Industries has a 52-week low of $96.69 and a 52-week high of $164.40. The company has a market cap of $6.61 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.72 and a beta of 1.18.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. During the same quarter last year, the company earned $1.60 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. Equities research analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Armstrong World Industries by 3.7% in the third quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after acquiring an additional 51,839 shares during the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 34,028 shares during the last quarter. Natixis Advisors LLC raised 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 acquiring an additional 67,798 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Armstrong World Industries by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock valued at $62,074,000 after acquiring an additional 18,333 shares during the last quarter. Finally, Harvey Partners LLC raised its stake in shares of Armstrong World Industries by 0.4% in the third quarter. Harvey Partners LLC now owns 230,500 shares of the construction company’s stock valued at $30,295,000 after acquiring an additional 1,000 shares during the last quarter. 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.