Armstrong World Industries (NYSE:AWI – Get Free Report) had its price target increased by analysts at Loop Capital from $75.00 to $84.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “hold” rating on the construction company’s stock. Loop Capital’s price target would suggest a potential upside of 8.36% from the company’s current price.
Several other research analysts have also recently commented on the company. Bank of America reduced their target price on Armstrong World Industries from $90.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. Jefferies Financial Group raised their target price on Armstrong World Industries from $69.00 to $73.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Deutsche Bank Aktiengesellschaft raised their target price on Armstrong World Industries from $77.00 to $78.00 in a research report on Wednesday, April 26th. UBS Group raised their target price on Armstrong World Industries from $69.00 to $75.00 and gave the stock a “sell” rating in a research report on Tuesday. Finally, StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $84.13.
Armstrong World Industries Trading Down 1.4 %
Shares of AWI stock opened at $77.52 on Wednesday. Armstrong World Industries has a 12 month low of $62.03 and a 12 month high of $94.94. The company has a quick ratio of 1.49, a current ratio of 2.05 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $69.57 and its two-hundred day moving average is $71.80. The company has a market cap of $3.50 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AWI. Southpoint Capital Advisors LP bought a new position in shares of Armstrong World Industries in the first quarter valued at about $121,108,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Armstrong World Industries by 649.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 678,011 shares of the construction company’s stock valued at $48,303,000 after buying an additional 587,484 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Armstrong World Industries in the fourth quarter worth about $35,536,000. Jane Street Group LLC increased its position in Armstrong World Industries by 103.1% in the fourth quarter. Jane Street Group LLC now owns 13,456 shares of the construction company’s stock worth $923,000 after purchasing an additional 450,050 shares during the period. Finally, Norges Bank acquired a new stake in Armstrong World Industries in the fourth quarter worth about $30,725,000. 99.73% of the stock is owned by institutional investors.
Armstrong World Industries Company Profile
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.
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