Armstrong World Industries (NYSE:AWI) Given New $158.00 Price Target at UBS Group

Armstrong World Industries (NYSE:AWI - Get Free Report) had its price target raised by equities researchers at UBS Group from $150.00 to $158.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. UBS Group's price target would indicate a potential upside of 2.98% from the stock's current price.

A number of other equities analysts also recently issued reports on the stock. Truist Financial increased their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Loop Capital increased their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, 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 report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Armstrong World Industries has a consensus rating of "Hold" and a consensus price target of $153.33.

Armstrong World Industries Price Performance

Shares of AWI traded up $2.25 during trading hours on Wednesday, reaching $153.44. The company had a trading volume of 257,512 shares, compared to its average volume of 238,303. The firm has a 50 day simple moving average of $148.07 and a 200-day simple moving average of $142.73. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.60 and a beta of 1.19. Armstrong World Industries has a 12-month low of $110.68 and a 12-month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.13. The business had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business's revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS. Research analysts expect that Armstrong World Industries will post 6.18 earnings per share 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 the company. Vanguard Group Inc. grew its holdings in shares of Armstrong World Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after buying an additional 34,579 shares in the last quarter. State Street Corp grew its holdings in shares of Armstrong World Industries by 3.7% during the third quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock worth $191,119,000 after buying an additional 51,839 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Armstrong World Industries by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,198,801 shares of the construction company's stock worth $169,427,000 after buying an additional 19,787 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Armstrong World Industries by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock worth $125,444,000 after buying an additional 35,738 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Armstrong World Industries by 140.4% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock worth $94,126,000 after acquiring an additional 389,000 shares during the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

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.