Armstrong World Industries, Inc. (NYSE:AWI) Given Average Rating of “Moderate Buy” by Brokerages

Armstrong World Industries, Inc. (NYSE:AWI) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $207.50.

A number of brokerages have weighed in on AWI. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. UBS Group upped their price target on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Bank of America lifted their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th.

Institutional Investors Weigh In On Armstrong World Industries

Hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System raised its stake in Armstrong World Industries by 2.6% in the fourth quarter. New York State Teachers Retirement System now owns 11,922 shares of the construction company’s stock valued at $2,278,000 after buying an additional 300 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Armstrong World Industries by 1.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 13,569 shares of the construction company’s stock valued at $2,593,000 after acquiring an additional 135 shares during the last quarter. Simplicity Wealth LLC increased its holdings in shares of Armstrong World Industries by 35.5% in the 4th quarter. Simplicity Wealth LLC now owns 1,424 shares of the construction company’s stock valued at $272,000 after acquiring an additional 373 shares during the last quarter. Interchange Capital Partners LLC raised its position in shares of Armstrong World Industries by 6.1% during the 4th quarter. Interchange Capital Partners LLC now owns 1,292 shares of the construction company’s stock worth $247,000 after acquiring an additional 74 shares in the last quarter. Finally, Certuity LLC acquired a new position in Armstrong World Industries in the fourth quarter valued at approximately $352,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

NYSE:AWI opened at $183.81 on Tuesday. The stock has a 50 day moving average of $189.88 and a two-hundred day moving average of $190.61. Armstrong World Industries has a 12 month low of $122.37 and a 12 month high of $206.08. The firm has a market cap of $7.93 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.