Armstrong World Industries (NYSE:AWI) Given New $145.00 Price Target at Loop Capital

Armstrong World Industries (NYSE:AWI - Get Free Report) had its price target increased by equities researchers at Loop Capital from $135.00 to $145.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "hold" rating on the construction company's stock. Loop Capital's price objective would suggest a potential upside of 3.16% from the stock's previous close.

A number of other brokerages also recently issued reports on AWI. 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. Jefferies Financial Group upped their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a research report on Wednesday. UBS Group increased their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $140.83.

Armstrong World Industries Trading Up 0.4 %

Shares of Armstrong World Industries stock traded up $0.56 on Wednesday, hitting $140.56. 148,290 shares of the company traded hands, compared to its average volume of 311,419. Armstrong World Industries has a 52 week low of $74.37 and a 52 week high of $143.07. The company has a market cap of $6.15 billion, a PE ratio of 26.43, a PEG ratio of 1.92 and a beta of 1.14. The stock's 50 day moving average price is $130.96 and its 200-day moving average price is $122.28. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. During the same quarter in the prior year, the business earned $1.60 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Armstrong World Industries will post 6.07 EPS for the current year.

Institutional Investors Weigh In On Armstrong World Industries

A number of hedge funds and other institutional investors have recently modified their holdings of AWI. Jupiter Asset Management Ltd. raised its position in shares of Armstrong World Industries by 1,369.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company's stock worth $27,872,000 after purchasing an additional 229,378 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Armstrong World Industries by 46.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company's stock worth $52,155,000 after purchasing an additional 145,133 shares in the last quarter. Natixis Advisors LLC raised its stake in Armstrong World Industries by 35.0% in the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company's stock valued at $48,049,000 after purchasing an additional 110,111 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Armstrong World Industries by 171.0% during the second quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company's stock worth $14,263,000 after buying an additional 79,475 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Armstrong World Industries by 27.8% in the second quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company's stock valued at $35,385,000 after purchasing an additional 67,954 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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