Armstrong World Industries, Inc. (NYSE:AWI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Armstrong World Industries, Inc. (NYSE:AWI) has received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $207.50.

A number of brokerages have issued reports on AWI. Vertical Research initiated coverage on Armstrong World Industries in a report on Monday, October 20th. They issued a “buy” rating and a $238.00 target price for the company. UBS Group upped their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Finally, Bank of America raised their target price on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, October 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in shares of Armstrong World Industries in the 3rd quarter worth $25,000. CIBC Private Wealth Group LLC raised its holdings in Armstrong World Industries by 426.5% during the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after buying an additional 145 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Armstrong World Industries in the third quarter valued at $35,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Armstrong World Industries in the second quarter valued at $32,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter valued at about $39,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock opened at $187.50 on Tuesday. The company has a 50-day simple moving average of $189.61 and a two-hundred day simple moving average of $190.28. Armstrong World Industries has a twelve month low of $122.37 and a twelve month high of $206.08. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.06. The firm had revenue of $425.20 million during the quarter, compared to analysts’ expectations of $423.40 million. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 EPS. Analysts forecast that Armstrong World Industries will post 6.18 EPS for the current year.

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.