Armstrong World Industries VP Unloads $241,815 in Stock (AWI)
Armstrong World Industries (NYSE:AWI) VP Stephen F. Mcnamara sold 3,991 shares of Armstrong World Industries stock on the open market in a transaction dated Monday, January 13th. The stock was sold at an average price of $60.59, for a total transaction of $241,814.69. Following the completion of the sale, the vice president now directly owns 906 shares in the company, valued at approximately $54,895. The sale was disclosed in a document filed with the SEC, which is available at this link.
Armstrong World Industries (NYSE:AWI) traded up 0.26% on Wednesday, hitting $61.25. The stock had a trading volume of 382,065 shares. Armstrong World Industries has a one year low of $44.93 and a one year high of $61.29. The stock’s 50-day moving average is $55.67 and its 200-day moving average is $52.54. The company has a market cap of $3.317 billion and a price-to-earnings ratio of 39.90.
Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, October 28th. The company reported $0.94 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.97 earnings per share. Armstrong World Industries’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Armstrong World Industries will post $2.13 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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, January 3rd. 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, January 3rd. 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Armstrong World Industries has a consensus rating of “Buy” and an average price target of $62.14.
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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