Armstrong World Industries (NYSE:AWI) Rating Lowered to “Hold” at StockNews.com

Armstrong World Industries (NYSE:AWI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

AWI has been the topic of several other research reports. Evercore ISI lifted 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. Loop Capital lifted their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Truist Financial increased their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group lifted their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and a consensus target price of $140.83.

Armstrong World Industries Trading Up 1.6 %

AWI stock opened at $148.11 on Tuesday. The business’s 50-day moving average is $150.85 and its 200 day moving average is $135.80. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.01 and a beta of 1.18. Armstrong World Industries has a 12-month low of $96.69 and a 12-month high of $164.40.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. During the same quarter in the previous year, the company posted $1.60 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in shares of Armstrong World Industries during the 3rd quarter worth approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Armstrong World Industries during the 3rd quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries in the 4th quarter valued at $32,000. Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter worth about $33,000. Finally, Point72 DIFC Ltd acquired a new position in Armstrong World Industries during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

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.