Armstrong World Industries (NYSE:AWI - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at UBS Group in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a $178.00 target price on the construction company's stock, up from their prior target price of $158.00. UBS Group's price target would suggest a potential downside of 5.49% from the stock's current price.
Several other equities research analysts also recently commented on the company. Evercore ISI lifted their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a report on Wednesday. Bank of America lifted their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Loop Capital reduced their price objective on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price objective for the company. Finally, Wall Street Zen upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $177.13.
View Our Latest Analysis on AWI
Armstrong World Industries Stock Up 0.1%
Shares of AWI traded up $0.17 during trading hours on Wednesday, hitting $188.34. The company had a trading volume of 515,067 shares, compared to its average volume of 379,878. The firm has a fifty day moving average price of $162.54 and a 200-day moving average price of $151.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.61. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 2.07 and a beta of 1.43. Armstrong World Industries has a 52-week low of $117.92 and a 52-week high of $191.74.
Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.34. The firm had revenue of $424.60 million during the quarter, compared to analyst estimates of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%. Armstrong World Industries's quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. On average, 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
Large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after purchasing an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Armstrong World Industries by 652.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after acquiring an additional 287 shares during the period. Versant Capital Management Inc bought a new position in shares of Armstrong World Industries during the 1st quarter valued at approximately $54,000. Parallel Advisors LLC grew its stake in shares of Armstrong World Industries by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 459 shares of the construction company's stock valued at $75,000 after acquiring an additional 103 shares during the period. Finally, Covestor Ltd grew its stake in shares of Armstrong World Industries by 40.5% during the 1st quarter. Covestor Ltd now owns 590 shares of the construction company's stock valued at $83,000 after acquiring an additional 170 shares during the period. 98.93% of the stock is currently owned by institutional investors.
About Armstrong World Industries
(
Get Free Report)
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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