UBS Group Reaffirms “Neutral” Rating for Armstrong World Industries (NYSE:AWI)

Armstrong World Industries (NYSE:AWI)‘s stock had its “neutral” rating reiterated by investment analysts at UBS Group in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $178.00 price objective on the construction company’s stock, up from their previous price objective of $158.00. UBS Group’s price objective would suggest a potential downside of 5.34% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Bank of America increased their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Loop Capital reduced their target price on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Evercore ISI lifted their price target on Armstrong World Industries from $157.00 to $182.00 and gave the stock an “in-line” rating in a research note on Wednesday. Wall Street Zen upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. began coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an “overweight” rating and a $200.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.13.

Armstrong World Industries Trading Down 1.0%

Shares of AWI stock opened at $188.05 on Wednesday. The stock has a 50-day simple moving average of $161.86 and a 200 day simple moving average of $151.40. The stock has a market capitalization of $8.14 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.32 and a beta of 1.37. Armstrong World Industries has a fifty-two week low of $117.92 and a fifty-two week high of $191.74. The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The company had revenue of $424.60 million during the quarter, compared to analyst estimates of $404.05 million. During the same quarter last year, the firm posted $1.62 EPS. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, sell-side analysts expect that Armstrong World Industries will post 6.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Armstrong World Industries

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Armstrong World Industries by 113.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company’s stock worth $672,000 after acquiring an additional 2,538 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in Armstrong World Industries by 194.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,848 shares of the construction company’s stock valued at $683,000 after purchasing an additional 3,200 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Armstrong World Industries in the 4th quarter worth about $2,326,000. Golden State Wealth Management LLC raised its stake in shares of Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company’s stock worth $39,000 after purchasing an additional 140 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Armstrong World Industries by 9.2% during the 1st quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company’s stock valued at $283,000 after buying an additional 169 shares during the last quarter. 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.