Armstrong World Industries VP Donald Maier Unloads 100,522 Shares (AWI)
Armstrong World Industries (NYSE:AWI) VP Donald Maier unloaded 100,522 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $58.00, for a total value of $5,830,276.00. Following the completion of the sale, the vice president now directly owns 11,745 shares in the company, valued at approximately $681,210. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AWI has been the subject of a number of recent research reports. Analysts at Jefferson Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Bank of America Corp. upgraded shares of Armstrong World Industries from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Armstrong World Industries in a research note to investors on Monday, December 9th. They set a “buy” rating and a $68.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.14.
Armstrong World Industries (NYSE:AWI) traded down 1.67% during mid-day trading on Monday, hitting $57.23. 740,493 shares of the company’s stock traded hands. Armstrong World Industries has a 52 week low of $44.93 and a 52 week high of $59.34. The stock’s 50-day moving average is $54.08 and its 200-day moving average is $51.9. The company has a market cap of $3.099 billion and a P/E ratio of 38.01.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.08. The company had revenue of $729.70 million for the quarter, compared to the consensus estimate of $744.17 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Armstrong World Industries will post $2.13 EPS for the current fiscal year.
Armstrong World Industries, Inc (NYSE:AWI) is a global producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings.
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