Armstrong World Industries (NYSE:AWI) Rating Increased to Strong-Buy at Vertical Research

Key Points

• Armstrong World Industries (NYSE:AWI) has received a rating upgrade to "strong-buy" from Vertical Research, indicating increased confidence in the stock.
• Analysts have varied takes on AWI, with price targets ranging from $190.00 to $230.00, reflecting differing views on the company's growth potential.
• The company reported earnings of $1.36 per share for the latest quarter, with net margins of 18.95% and a projected EPS of 6.18 for the current fiscal year.

Armstrong World Industries (NYSE:AWI - Get Free Report) was upgraded by stock analysts at Vertical Research to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on AWI. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the company a "hold" rating in a research report on Wednesday, July 30th. Bank of America increased their price target 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, October 6th. Truist Financial increased their price target on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Zacks Research cut shares of Armstrong World Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $202.25.

Armstrong World Industries Stock Down 1.3%

AWI stock opened at $201.04 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The company's 50 day moving average is $196.42 and its 200 day moving average is $170.99. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.45. Armstrong World Industries has a 1-year low of $122.37 and a 1-year high of $205.97.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 earnings per share for the quarter. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The company had revenue of $325.00 million for the quarter. Sell-side analysts predict that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AWI. Twin Peaks Wealth Advisors LLC bought a new position in shares of Armstrong World Industries in the second quarter worth approximately $32,000. Golden State Wealth Management LLC lifted its stake in Armstrong World Industries by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after acquiring an additional 140 shares during the period. Headlands Technologies LLC purchased a new stake in Armstrong World Industries in the second quarter worth $46,000. MAI Capital Management purchased a new stake in Armstrong World Industries in the second quarter worth $47,000. Finally, SJS Investment Consulting Inc. lifted its stake in Armstrong World Industries by 4,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares during the period. 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.

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