Armstrong World Industries (NYSE:AWI) Raised to Strong-Buy at DA Davidson

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

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. UBS Group restated a “neutral” rating and set a $203.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Evercore set a $200.00 price target on Armstrong World Industries in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $190.00 price objective on shares of Armstrong World Industries in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Armstrong World Industries has an average rating of “Moderate Buy” and an average target price of $213.25.

Armstrong World Industries Stock Up 1.0%

AWI stock opened at $179.97 on Monday. Armstrong World Industries has a 52-week low of $150.28 and a 52-week high of $206.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. The firm has a market capitalization of $7.61 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.73 and a beta of 1.16. The company’s 50 day simple moving average is $167.09 and its 200-day simple moving average is $169.01.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The business had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $461.67 million. During the same period last year, the company posted $2.09 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, equities research analysts anticipate that Armstrong World Industries will post 8.39 EPS for the current year.

Armstrong World Industries declared that its board has approved a share repurchase program on Tuesday, July 21st that allows the company to buyback $800.00 million in shares. This buyback authorization allows the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Armstrong World Industries

Large investors have recently bought and sold shares of the stock. Millennium Management LLC increased its position in shares of Armstrong World Industries by 571.7% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock worth $16,581,000 after purchasing an additional 100,175 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Armstrong World Industries by 142.0% in the first quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock worth $431,000 after purchasing an additional 1,796 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Armstrong World Industries by 63.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock worth $17,636,000 after purchasing an additional 48,544 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Armstrong World Industries by 144.2% in the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock valued at $9,881,000 after buying an additional 41,417 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Armstrong World Industries during the 2nd quarter worth about $291,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.