Gabelli Initiates Coverage on Armstrong World Industries (AWI)
Stock analysts at Gabelli began coverage on shares of Armstrong World Industries (NYSE:AWI) in a report issued on Wednesday, Analyst Ratings Net reports. The firm set a “hold” rating on the stock.
In other Armstrong World Industries news, VP Stephen Mcnamara sold 3,991 shares of Armstrong World Industries stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $60.59, for a total transaction of $241,814.69. Following the sale, the vice president now directly owns 906 shares of the company’s stock, valued at approximately $54,895. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Armstrong World Industries (NYSE:AWI) opened at 59.87 on Wednesday. Armstrong World Industries has a 52-week low of $44.93 and a 52-week high of $61.63. The stock has a 50-day moving average of $56.59 and a 200-day moving average of $52.94. The company has a market cap of $3.242 billion and a P/E ratio of 39.27.
Armstrong World Industries (NYSE:AWI) last released its 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. On average, analysts predict that Armstrong World Industries will post $2.13 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AWI. 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $64.67.
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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