Armstrong World Industries (NYSE:AWI) Rating Increased to Strong-Buy at DA Davidson

Armstrong World Industries (NYSE:AWI) was upgraded by investment analysts at DA Davidson to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

AWI has been the topic of a number of other research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, July 29th. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Evercore set a $200.00 target price on Armstrong World Industries in a research note on Tuesday, April 28th. Finally, UBS Group restated a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.25.

Armstrong World Industries Trading Up 1.0%

Shares of AWI stock opened at $179.97 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52. The stock has a market capitalization of $7.61 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16. The company has a 50 day moving average price of $167.09 and a 200 day moving average price of $169.01. Armstrong World Industries has a fifty-two week low of $150.28 and a fifty-two week high of $206.08.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. During the same period in the prior year, the business earned $2.09 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities research analysts predict that Armstrong World Industries will post 8.39 EPS for the current fiscal year.

Armstrong World Industries declared that its board has approved a stock repurchase program on Tuesday, July 21st that permits the company to buyback $800.00 million in shares. This buyback authorization permits the construction company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Armstrong World Industries

A number of hedge funds and other institutional investors have recently modified their holdings of AWI. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Armstrong World Industries during the 2nd quarter worth $3,000,000. California State Teachers Retirement System increased its holdings in Armstrong World Industries by 16,662.2% in the second quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock valued at $1,383,645,000 after buying an additional 8,573,686 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Armstrong World Industries in the second quarter valued at $209,000. Nykredit A S purchased a new position in Armstrong World Industries in the second quarter valued at $302,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in Armstrong World Industries in the second quarter valued at $1,715,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

About Armstrong World Industries

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.