Armstrong World Industries' (AWI) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• Armstrong World Industries maintains a "buy" rating by Weiss Ratings, amidst a mix of ratings from other analysts, with price targets ranging from $178 to $230.
• The company's recent earnings report indicated impressive performance, with an EPS of $2.09, significantly above analysts' expectations of $1.75, and a year-over-year revenue increase of 16.3%.
• Institutional investors show strong interest, holding approximately 98.93% of Armstrong World Industries' stock, reflecting confidence in the company's prospects.

Armstrong World Industries (NYSE:AWI - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on the company. Truist Financial raised their price objective on Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. UBS Group reissued a "neutral" rating and set a $178.00 price objective (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price for the company. Finally, Bank of America boosted their price objective on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $187.75.

Armstrong World Industries Stock Up 0.8%

Shares of AWI traded up $1.61 during midday trading on Wednesday, reaching $198.66. 258,062 shares of the stock were exchanged, compared to its average volume of 322,873. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 2.20 and a beta of 1.45. The firm has a 50 day simple moving average of $194.56 and a 200-day simple moving average of $166.79. Armstrong World Industries has a 12-month low of $122.37 and a 12-month high of $201.72. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.34. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The business had revenue of $424.60 million during the quarter, compared to analysts' expectations of $404.05 million. During the same period in the prior year, the firm posted $1.62 EPS. Armstrong World Industries's quarterly revenue was up 16.3% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. Research analysts forecast that Armstrong World Industries will post 6.18 EPS for the current year.

Institutional Trading of Armstrong World Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Armstrong World Industries during the 2nd quarter valued at $84,412,000. Adage Capital Partners GP L.L.C. raised its stake in Armstrong World Industries by 121.3% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company's stock valued at $119,718,000 after purchasing an additional 404,000 shares during the last quarter. AQR Capital Management LLC grew its position in Armstrong World Industries by 118.6% during the 2nd quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company's stock worth $88,206,000 after acquiring an additional 294,646 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Armstrong World Industries by 131.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock worth $62,060,000 after buying an additional 250,133 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Armstrong World Industries by 34.0% in the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock valued at $95,886,000 after buying an additional 172,779 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

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.

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