Armstrong World Industries Inc (NYSE:AWI) Upgraded at BidaskClub
Armstrong World Industries Inc (NYSE:AWI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
A number of other equities analysts have also commented on AWI. Nomura started coverage on Armstrong World Industries in a report on Wednesday, April 12th. They issued a “buy” rating and a $55.00 price target for the company. Instinet reaffirmed a “buy” rating and issued a $55.00 price target on shares of Armstrong World Industries in a report on Friday, April 14th. Zacks Investment Research raised Armstrong World Industries from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Monday, April 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $50.00 price target on shares of Armstrong World Industries in a report on Thursday, June 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.43.
Shares of Armstrong World Industries (NYSE AWI) traded up 1.60% during trading on Friday, reaching $47.50. The company’s stock had a trading volume of 701,621 shares. The stock has a 50-day moving average of $45.18 and a 200-day moving average of $44.12. Armstrong World Industries has a 52-week low of $36.38 and a 52-week high of $49.55. The stock has a market cap of $2.51 billion, a P/E ratio of 15.43 and a beta of 1.65.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The firm had revenue of $330.80 million during the quarter, compared to analyst estimates of $330.92 million. During the same period last year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts predict that Armstrong World Industries will post $2.71 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of AWI. Norges Bank acquired a new stake in Armstrong World Industries during the fourth quarter valued at about $7,951,000. Teachers Advisors LLC raised its stake in Armstrong World Industries by 7.1% in the fourth quarter. Teachers Advisors LLC now owns 47,003 shares of the construction company’s stock valued at $1,965,000 after buying an additional 3,110 shares in the last quarter. Bank of Montreal Can raised its stake in Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock valued at $122,000 after buying an additional 175 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Armstrong World Industries during the first quarter valued at about $215,000. Finally, First Midwest Bank Trust Division acquired a new stake in Armstrong World Industries during the first quarter valued at about $1,560,000.
About Armstrong World Industries
Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.
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