Armstrong World Industries (NYSE:AWI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Armstrong World Industries (NYSE:AWI) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $210.00 to $220.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.10% from the company’s current price.

A number of other brokerages have also commented on AWI. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Vertical Research began coverage on shares of Armstrong World Industries in a report on Monday, October 20th. They set a “buy” rating and a $238.00 price target for the company. Bank of America lifted their target price on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Truist Financial lifted their target price on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, UBS Group lifted their target price on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Armstrong World Industries presently has an average rating of “Moderate Buy” and an average target price of $207.50.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $191.15 on Wednesday. The stock has a market cap of $8.27 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.87 and a beta of 1.45. The business has a fifty day simple moving average of $196.87 and a 200-day simple moving average of $174.04. The company has a quick ratio of 1.11, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries has a 12 month low of $122.37 and a 12 month high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its 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 38.97% and a net margin of 19.08%.The business had revenue of $325.00 million during the quarter. On average, sell-side analysts anticipate that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas lifted its position in shares of Armstrong World Industries by 1.0% in the third quarter. Teacher Retirement System of Texas now owns 14,233 shares of the construction company’s stock worth $2,790,000 after buying an additional 145 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Armstrong World Industries by 32.9% in the third quarter. Parkside Financial Bank & Trust now owns 295 shares of the construction company’s stock worth $58,000 after buying an additional 73 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Armstrong World Industries in the 3rd quarter worth approximately $206,000. Andina Capital Management LLC lifted its holdings in Armstrong World Industries by 3.7% in the 3rd quarter. Andina Capital Management LLC now owns 3,483 shares of the construction company’s stock worth $683,000 after purchasing an additional 123 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Armstrong World Industries by 39.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,620 shares of the construction company’s stock worth $6,198,000 after purchasing an additional 9,008 shares during the last quarter. 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.