Armstrong World Industries (NYSE:AWI) Upgraded at Wall Street Zen

Key Points

• Armstrong World Industries has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive outlook from analysts.
• Bank of America raised its price target for the company's shares from $205 to $220, further suggesting strong confidence in the stock's performance.
• Armstrong World Industries reported a quarterly earnings per share (EPS) of $1.36, demonstrating robust financial performance with a net margin of 18.95% and return on equity of 39.80%.

Armstrong World Industries (NYSE:AWI - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other research firms have also weighed in on AWI. Bank of America lifted their price target on Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. Zacks Research lowered shares of Armstrong World Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 17th. Evercore ISI lifted their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Finally, UBS Group reissued a "neutral" rating and set a $178.00 price objective (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.25.

Armstrong World Industries Price Performance

AWI stock opened at $203.45 on Friday. Armstrong World Industries has a 12-month low of $122.37 and a 12-month high of $205.97. 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 firm's 50-day moving average price is $196.79 and its two-hundred day moving average price is $172.04. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.04 and a beta of 1.45.

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

Institutional Trading of Armstrong World Industries

A number of institutional investors and hedge funds have recently modified their holdings of AWI. GAMMA Investing LLC boosted its position in shares of Armstrong World Industries by 9.2% during the first quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company's stock valued at $283,000 after buying an additional 169 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Armstrong World Industries by 113.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock worth $672,000 after buying an additional 2,538 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in 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 acquiring an additional 140 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Armstrong World Industries during the 1st quarter valued at about $892,000. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Armstrong World Industries by 1.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,920 shares of the construction company's stock valued at $3,370,000 after acquiring an additional 285 shares during the last quarter. Institutional investors 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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