Armstrong World Industries (NYSE:AWI) Stock Rating Lowered by Wall Street Zen

Armstrong World Industries (NYSE:AWI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other brokerages also recently weighed in on AWI. JPMorgan Chase & Co. raised their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Evercore ISI raised their price target on shares of Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a research report on Wednesday, July 30th. Finally, Bank of America raised their price target on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Price Performance

AWI stock opened at $192.22 on Friday. The firm has a 50 day moving average price of $196.66 and a 200-day moving average price of $175.39. Armstrong World Industries has a 52-week low of $122.37 and a 52-week high of $206.08. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.52.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share for the quarter. The company had revenue of $325.00 million during the quarter. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. Equities research analysts forecast that Armstrong World Industries will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Armstrong World Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its stake in shares of Armstrong World Industries by 29.3% during the 1st quarter. First Horizon Advisors Inc. now owns 895 shares of the construction company’s stock worth $126,000 after acquiring an additional 203 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Armstrong World Industries by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 216,612 shares of the construction company’s stock worth $30,516,000 after acquiring an additional 4,871 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Armstrong World Industries by 17.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,225 shares of the construction company’s stock worth $313,000 after acquiring an additional 323 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Armstrong World Industries by 21.3% during the 1st quarter. M&T Bank Corp now owns 2,313 shares of the construction company’s stock worth $325,000 after acquiring an additional 406 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Armstrong World Industries by 14,353.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 26,739 shares of the construction company’s stock worth $3,767,000 after acquiring an additional 26,554 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.