Armstrong World Industries, Inc. (NYSE:AWI) Given Average Recommendation of “Hold” by Analysts

Armstrong World Industries, Inc. (NYSE:AWI) has earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $140.83.

AWI has been the subject of a number of analyst reports. UBS Group upped their target price on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial lifted their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Loop Capital raised their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th.

Hedge Funds Weigh In On Armstrong World Industries

Several hedge funds have recently made changes to their positions in the company. Tealwood Asset Management Inc. raised its holdings in shares of Armstrong World Industries by 0.8% during the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Armstrong World Industries by 4.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after buying an additional 76 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Armstrong World Industries by 5.9% during the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after buying an additional 79 shares during the last quarter. US Bancorp DE raised its stake in shares of Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after buying an additional 82 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Armstrong World Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock valued at $1,792,000 after buying an additional 82 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $151.42 on Tuesday. Armstrong World Industries has a 12 month low of $101.73 and a 12 month high of $164.40. The stock’s fifty day moving average price is $148.52 and its 200-day moving average price is $140.04. The firm has a market cap of $6.60 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.66 and a beta of 1.19. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

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.