Analysts Set Armstrong World Industries, Inc. (NYSE:AWI) Price Target at $207.50

Shares of Armstrong World Industries, Inc. (NYSE:AWI) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $207.50.

A number of research firms have recently issued reports on AWI. UBS Group increased their price objective on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Vertical Research began coverage on Armstrong World Industries in a report on Monday, October 20th. They issued a “buy” rating and a $238.00 price target on the stock. Zacks Research downgraded Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Finally, Bank of America increased their target price on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, October 6th.

Institutional Investors Weigh In On Armstrong World Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Burgundy Asset Management Ltd. lifted its position in Armstrong World Industries by 3.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,321,078 shares of the construction company’s stock valued at $214,596,000 after acquiring an additional 38,082 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Armstrong World Industries by 0.8% in the second quarter. Geode Capital Management LLC now owns 943,284 shares of the construction company’s stock worth $153,248,000 after purchasing an additional 7,378 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Armstrong World Industries by 64.1% in the third quarter. AQR Capital Management LLC now owns 891,336 shares of the construction company’s stock valued at $173,775,000 after purchasing an additional 348,327 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Armstrong World Industries by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 860,799 shares of the construction company’s stock valued at $168,716,000 after buying an additional 2,799 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Armstrong World Industries by 11.2% during the third quarter. Invesco Ltd. now owns 758,680 shares of the construction company’s stock worth $148,709,000 after buying an additional 76,235 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $186.59 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries has a twelve month low of $122.37 and a twelve month high of $206.08. The company has a fifty day moving average of $189.91 and a 200-day moving average of $190.93. The firm has a market capitalization of $8.05 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.60 and a beta of 1.33.

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.