Armstrong World Industries Inc. (AWI) Receives $43.55 Consensus PT from Analysts
Shares of Armstrong World Industries Inc. (NYSE:AWI) have been given an average rating of “Hold” by the fourteen analysts that are currently covering the firm. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $43.55.
A number of analysts have recently issued reports on AWI shares. Zacks Investment Research raised shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. KeyCorp raised shares of Armstrong World Industries from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Friday, August 5th. Bank of America Corp. started coverage on shares of Armstrong World Industries in a research note on Friday, September 23rd. They issued an “underperform” rating and a $38.00 price objective for the company. Royal Bank Of Canada reduced their price objective on shares of Armstrong World Industries from $47.00 to $43.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 1st. Finally, RBC Capital Markets restated a “sector perform” rating and set a $43.00 target price (down previously from $47.00) on shares of Armstrong World Industries in a research report on Tuesday, November 1st.
Armstrong World Industries (NYSE:AWI) opened at 41.65 on Friday. The company has a 50-day moving average of $39.68 and a 200-day moving average of $40.91. Armstrong World Industries has a 12 month low of $35.92 and a 12 month high of $50.11. The stock has a market cap of $2.30 billion, a PE ratio of 36.70 and a beta of 1.37.
Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.76. The firm earned $334.90 million during the quarter, compared to analysts’ expectations of $343.50 million. Armstrong World Industries had a net margin of 3.55% and a return on equity of 22.79%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. On average, equities analysts forecast that Armstrong World Industries will post $2.25 EPS for the current fiscal year.
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In other news, Director Roy W. Templin bought 2,670 shares of Armstrong World Industries stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average price of $37.16 per share, with a total value of $99,217.20. Following the completion of the purchase, the director now owns 4,816 shares in the company, valued at approximately $178,962.56. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in AWI. Independent Portfolio Consultants Inc. purchased a new stake in shares of Armstrong World Industries during the third quarter valued at $152,000. D.A. Davidson & CO. purchased a new stake in shares of Armstrong World Industries during the third quarter valued at $162,000. Foster Dykema Cabot & Co. Inc. MA purchased a new stake in shares of Armstrong World Industries during the third quarter valued at $207,000. Amalgamated Bank increased its stake in shares of Armstrong World Industries by 21.9% in the second quarter. Amalgamated Bank now owns 5,610 shares of the company’s stock valued at $250,000 after buying an additional 1,006 shares in the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Armstrong World Industries during the second quarter valued at $223,000.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Company operates in four segments: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which designs, manufactures, sources and sells a range of floor coverings primarily for homes and commercial and institutional buildings; Wood Flooring segment, which designs, manufactures, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices, and Unallocated Corporate.
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