Armstrong World Industries (NYSE:AWI) Price Target Raised to $175.00 at Truist Financial

Armstrong World Industries (NYSE:AWI) had its price target lifted by equities researchers at Truist Financial from $162.00 to $175.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 16.39% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Evercore ISI boosted their price target on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. UBS Group boosted their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday. StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Loop Capital lifted their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $148.00.

Armstrong World Industries Trading Down 1.2 %

NYSE:AWI opened at $150.35 on Thursday. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.60 and a beta of 1.19. Armstrong World Industries has a 52 week low of $110.68 and a 52 week high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average of $147.68 and a 200 day moving average of $142.11.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.37 by $0.13. The firm had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 EPS. As a group, sell-side analysts anticipate that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Institutional Trading of Armstrong World Industries

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Armstrong World Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company’s stock worth $656,922,000 after purchasing an additional 34,579 shares during the last quarter. State Street Corp raised its stake in shares of Armstrong World Industries by 3.7% during the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after buying an additional 51,839 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Armstrong World Industries by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,198,801 shares of the construction company’s stock valued at $169,427,000 after buying an additional 19,787 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Armstrong World Industries by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company’s stock valued at $125,444,000 after buying an additional 35,738 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Armstrong World Industries by 140.4% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company’s stock worth $94,126,000 after buying an additional 389,000 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

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.