UBS Group Boosts Armstrong World Industries (NYSE:AWI) Price Target to $158.00

Armstrong World Industries (NYSE:AWI) had its price objective boosted by investment analysts at UBS Group from $150.00 to $158.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. UBS Group’s price objective would suggest a potential upside of 4.49% from the company’s previous close.

AWI has been the subject of several other research reports. Evercore ISI lifted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Truist Financial boosted their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital upped their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $148.00.

Armstrong World Industries Stock Performance

Shares of AWI opened at $151.21 on Wednesday. The company has a market cap of $6.59 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The firm has a 50-day moving average of $147.86 and a 200-day moving average of $142.17. Armstrong World Industries has a one year low of $110.68 and a one year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same period in the previous year, the firm earned $1.22 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. As a group, equities analysts forecast that Armstrong World Industries will post 6.18 earnings per share for the current year.

Institutional Investors Weigh In On Armstrong World Industries

Large investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its holdings in Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after acquiring an additional 67,798 shares in the last quarter. Quest Partners LLC raised its stake in Armstrong World Industries by 32.9% in the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after purchasing an additional 4,945 shares in the last quarter. Geode Capital Management LLC lifted its position in Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after purchasing an additional 34,028 shares during the period. BNP Paribas Financial Markets grew its stake in Armstrong World Industries by 89.2% during the third quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock worth $1,447,000 after buying an additional 5,191 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Armstrong World Industries in the 3rd quarter valued at about $1,035,000. Institutional investors and hedge funds 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.