Armstrong World Industries (NYSE:AWI - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.
Several other research analysts also recently commented on the company. Bank of America boosted their target price on Armstrong World Industries from $205.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. Zacks Research downgraded Armstrong World Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 17th. UBS Group reissued a "neutral" rating and set a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the stock a "hold" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $202.25.
Read Our Latest Analysis on AWI
Armstrong World Industries Price Performance
NYSE AWI traded up $0.36 during trading on Friday, hitting $203.45. 167,368 shares of the company's stock were exchanged, compared to its average volume of 316,855. 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 has a market cap of $8.80 billion, a PE ratio of 30.10, a P/E/G ratio of 2.02 and a beta of 1.45. Armstrong World Industries has a fifty-two week low of $122.37 and a fifty-two week high of $205.97. The stock's 50 day moving average price is $196.59 and its two-hundred day moving average price is $171.51.
Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. The firm had revenue of $325.00 million during the quarter. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%. Research analysts expect that Armstrong World Industries will post 6.18 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System boosted its stake in Armstrong World Industries by 4.8% during the third quarter. New York State Teachers Retirement System now owns 11,622 shares of the construction company's stock worth $2,278,000 after acquiring an additional 528 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Armstrong World Industries in the 3rd quarter worth $371,000. Forum Financial Management LP bought a new position in shares of Armstrong World Industries in the 3rd quarter worth $228,000. Nisa Investment Advisors LLC lifted its holdings in shares of Armstrong World Industries by 37.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 40,633 shares of the construction company's stock worth $7,964,000 after purchasing an additional 11,059 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in shares of Armstrong World Industries in the 3rd quarter worth $1,099,000. 98.93% of the stock is owned by institutional investors.
Armstrong World Industries Company Profile
(
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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