Armstrong World Industries, Inc. (NYSE:AWI) Given Average Recommendation of “Hold” by Analysts

Armstrong World Industries, Inc. (NYSE:AWI) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $140.83.

AWI has been the topic of several recent research reports. UBS Group upped their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Truist Financial increased their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Evercore ISI raised their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Loop Capital raised their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tealwood Asset Management Inc. lifted its holdings in Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 71 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Armstrong World Industries by 4.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after purchasing an additional 76 shares in the last quarter. Blue Trust Inc. lifted its holdings in Armstrong World Industries by 5.9% in the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock worth $188,000 after purchasing an additional 79 shares in the last quarter. US Bancorp DE lifted its holdings in Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after purchasing an additional 82 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Armstrong World Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock worth $1,792,000 after purchasing an additional 82 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Price Performance

AWI opened at $154.05 on Tuesday. The firm has a market cap of $6.72 billion, a P/E ratio of 27.17, a PEG ratio of 1.66 and a beta of 1.19. The firm has a 50-day moving average of $147.97 and a 200 day moving average of $140.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries has a fifty-two week low of $104.53 and a fifty-two week high of $164.40.

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.