Armstrong World Industries Inc (NYSE:AWI) has been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $66.00.
AWI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, May 28th. Jefferies Financial Group restated a “hold” rating and issued a $68.00 target price on shares of Armstrong World Industries in a research note on Friday, July 20th. SunTrust Banks upped their target price on shares of Armstrong World Industries to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th.
In other Armstrong World Industries news, Director Holdings L.P. Valueact sold 100,000 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $70.03, for a total value of $7,003,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 1,500,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $69.20, for a total transaction of $103,800,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,630,000 shares of company stock worth $112,906,300. 1.94% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AWI. Flinton Capital Management LLC bought a new position in Armstrong World Industries in the 1st quarter worth about $102,000. Sun Life Financial INC bought a new position in Armstrong World Industries in the 2nd quarter worth about $108,000. Riverhead Capital Management LLC bought a new position in Armstrong World Industries in the 1st quarter worth about $113,000. Mount Yale Investment Advisors LLC bought a new position in Armstrong World Industries in the 1st quarter worth about $137,000. Finally, Meadow Creek Investment Management LLC bought a new position in Armstrong World Industries in the 1st quarter worth about $140,000. Hedge funds and other institutional investors own 99.93% of the company’s stock.
Shares of Armstrong World Industries stock traded down $0.85 during trading on Wednesday, reaching $71.20. The company had a trading volume of 438,800 shares, compared to its average volume of 409,025. The firm has a market cap of $3.73 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.01 and a current ratio of 2.24. Armstrong World Industries has a fifty-two week low of $48.45 and a fifty-two week high of $73.45.
Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, July 31st. The construction company reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $248.60 million for the quarter, compared to analyst estimates of $245.81 million. Armstrong World Industries had a net margin of 15.18% and a return on equity of 41.92%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 EPS. equities analysts predict that Armstrong World Industries will post 3.74 earnings per share for the current year.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.
See Also: Day Trading
Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.