Armstrong World Industries (NYSE:AWI) Rating Increased to Strong-Buy at Vertical Research

Armstrong World Industries (NYSE:AWI) was upgraded by stock analysts at Vertical Research to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

AWI has been the subject of several other research reports. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the company a “hold” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Truist Financial raised their price objective on Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Evercore ISI raised their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a research report on Wednesday, July 30th. 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. According to MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.25.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $201.04 on Monday. The stock has a fifty day moving average of $196.42 and a 200 day moving average of $170.99. Armstrong World Industries has a 52 week low of $122.37 and a 52 week high of $205.97. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.04 and a beta of 1.45. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company had revenue of $325.00 million during the quarter. As a group, research analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current year.

Hedge Funds Weigh In On Armstrong World Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Armstrong World Industries by 0.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company’s stock valued at $188,615,000 after acquiring an additional 8,762 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Armstrong World Industries by 3.0% during the second quarter. Burgundy Asset Management Ltd. now owns 1,321,078 shares of the construction company’s stock valued at $214,596,000 after acquiring an additional 38,082 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Armstrong World Industries by 0.8% during the second quarter. Geode Capital Management LLC now owns 943,284 shares of the construction company’s stock valued at $153,248,000 after acquiring an additional 7,378 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Armstrong World Industries by 121.3% during the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after acquiring an additional 404,000 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Armstrong World Industries by 0.3% during the second quarter. Invesco Ltd. now owns 682,445 shares of the construction company’s stock valued at $110,856,000 after acquiring an additional 1,823 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

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.