Armstrong World Industries, Inc. (NYSE:AWI) Receives $140.83 Average PT from Brokerages

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) has been given a consensus rating of "Hold" by the six research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $140.83.

A number of brokerages have weighed in on AWI. Loop Capital raised their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Evercore ISI raised their target price on Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. UBS Group raised their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a report on Wednesday, October 30th.

Armstrong World Industries Price Performance

Armstrong World Industries stock traded up $1.02 during mid-day trading on Tuesday, reaching $154.05. 212,552 shares of the company were exchanged, compared to its average volume of 198,078. The company has a fifty day simple moving average of $148.02 and a 200-day simple moving average of $140.52. The firm has a market cap of $6.71 billion, a PE ratio of 27.17, a PEG ratio of 1.66 and a beta of 1.19. Armstrong World Industries has a 12 month low of $104.53 and a 12 month high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Institutional Investors Weigh In On Armstrong World Industries

Hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in Armstrong World Industries during the 3rd quarter worth about $31,000. ORG Wealth Partners LLC acquired a new position in Armstrong World Industries during the 4th quarter worth about $32,000. Quent Capital LLC lifted its holdings in Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock worth $32,000 after buying an additional 170 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in Armstrong World Industries during the 4th quarter worth about $33,000. 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.