Armstrong World Industries (NYSE:AWI) Price Target Raised to $230.00

Key Points

• Truist Financial has raised its price target for Armstrong World Industries from $195.00 to $230.00, suggesting a potential upside of 15.53% from the current stock price.
• Armstrong World Industries reported a quarterly EPS of $2.09, exceeding estimates and reflecting a revenue increase of 16.3% year-over-year, amounting to $424.60 million.
• Currently, there is a consensus rating of "Moderate Buy" for Armstrong World Industries, with four analysts issuing "Buy" recommendations and four giving "Hold" ratings.

Armstrong World Industries (NYSE:AWI - Get Free Report) had its price objective upped by stock analysts at Truist Financial from $195.00 to $230.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Truist Financial's price objective would indicate a potential upside of 15.53% from the stock's current price.

AWI has been the subject of a number of other reports. Bank of America lifted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Evercore ISI lifted their target price on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on shares of Armstrong World Industries in a research note on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price on the stock. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

Armstrong World Industries Price Performance

AWI stock opened at $199.09 on Friday. Armstrong World Industries has a one year low of $121.53 and a one year high of $199.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. The company's fifty day moving average price is $184.57 and its 200-day moving average price is $160.46. The company has a market capitalization of $8.61 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.15 and a beta of 1.46.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $404.05 million. During the same quarter last year, the firm posted $1.62 EPS. The firm's 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. On average, equities analysts anticipate 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 hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its holdings in Armstrong World Industries by 116.8% in the second quarter. Squarepoint Ops LLC now owns 5,194 shares of the construction company's stock valued at $844,000 after acquiring an additional 2,798 shares during the period. State of Wyoming increased its position in shares of Armstrong World Industries by 3.6% in the second quarter. State of Wyoming now owns 3,194 shares of the construction company's stock valued at $519,000 after buying an additional 110 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Armstrong World Industries in the second quarter valued at $297,000. Public Sector Pension Investment Board increased its position in shares of Armstrong World Industries by 5.6% in the second quarter. Public Sector Pension Investment Board now owns 188,590 shares of the construction company's stock valued at $30,635,000 after buying an additional 10,050 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Armstrong World Industries in the second quarter valued at $46,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.