Armstrong World Industries, Inc. (NYSE:AWI) Given Consensus Rating of “Hold” by Brokerages

Armstrong World Industries, Inc. (NYSE:AWIGet Free Report) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $88.57.

A number of research firms recently commented on AWI. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Truist Financial increased their price objective on Armstrong World Industries from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, UBS Group raised Armstrong World Industries from a “sell” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $103.00 in a research note on Thursday, January 4th.

Check Out Our Latest Analysis on AWI

Armstrong World Industries Stock Up 0.6 %

Armstrong World Industries stock opened at $105.51 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.31 and a current ratio of 1.88. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09. Armstrong World Industries has a fifty-two week low of $62.03 and a fifty-two week high of $106.45. The stock’s fifty day moving average is $98.42 and its two-hundred day moving average is $83.92.

Insider Activity at Armstrong World Industries

In related news, CEO Victor Grizzle sold 22,914 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $99.02, for a total transaction of $2,268,944.28. Following the sale, the chief executive officer now directly owns 332,435 shares in the company, valued at approximately $32,917,713.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On Armstrong World Industries

Several hedge funds have recently modified their holdings of AWI. Capital International Investors boosted its position in Armstrong World Industries by 17.4% during the 2nd quarter. Capital International Investors now owns 4,896,692 shares of the construction company’s stock valued at $359,711,000 after purchasing an additional 727,241 shares during the period. Vanguard Group Inc. raised its stake in Armstrong World Industries by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,245,468 shares of the construction company’s stock valued at $305,674,000 after acquiring an additional 51,504 shares in the last quarter. London Co. of Virginia raised its stake in Armstrong World Industries by 1.7% during the 3rd quarter. London Co. of Virginia now owns 2,622,900 shares of the construction company’s stock valued at $188,849,000 after acquiring an additional 45,095 shares in the last quarter. BlackRock Inc. raised its stake in Armstrong World Industries by 0.9% during the 2nd quarter. BlackRock Inc. now owns 2,112,323 shares of the construction company’s stock valued at $155,171,000 after acquiring an additional 19,183 shares in the last quarter. Finally, River Road Asset Management LLC raised its stake in Armstrong World Industries by 2.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,079,825 shares of the construction company’s stock valued at $149,747,000 after acquiring an additional 42,927 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

About Armstrong World Industries

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Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling and wall systems in the United States, Canada, and Latin America. It operates through Mineral Fiber and Architectural Specialties segments. The company offers suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall products; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and facade and partition products.

Further Reading

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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