Armstrong World Industries Inc (AWI) Given Average Recommendation of “Hold” by Analysts

Shares of Armstrong World Industries Inc (NYSE:AWI) have received an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $56.00.

Several equities analysts have commented on AWI shares. Jefferies Group started coverage on Armstrong World Industries in a research report on Tuesday, December 12th. They set a “hold” rating and a $62.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of Armstrong World Industries in a research report on Friday, September 22nd. SunTrust Banks reissued a “buy” rating and set a $62.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, November 22nd. Citigroup raised their price objective on Armstrong World Industries from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, Royal Bank of Canada restated a “hold” rating and set a $55.00 price target on shares of Armstrong World Industries in a report on Wednesday, November 15th.

In related news, SVP Ellen R. Romano sold 33,087 shares of Armstrong World Industries stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $54.68, for a total value of $1,809,197.16. Following the completion of the sale, the senior vice president now directly owns 14,769 shares in the company, valued at approximately $807,568.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AWI. JPMorgan Chase & Co. increased its holdings in Armstrong World Industries by 14.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock worth $106,000 after buying an additional 286 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Armstrong World Industries by 239.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock worth $128,000 after buying an additional 1,964 shares in the last quarter. SG Americas Securities LLC bought a new stake in Armstrong World Industries in the 2nd quarter worth about $149,000. BNP Paribas Arbitrage SA increased its holdings in Armstrong World Industries by 65.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock worth $162,000 after buying an additional 1,391 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Armstrong World Industries in the 3rd quarter worth about $193,000.

Armstrong World Industries (NYSE:AWI) opened at $63.00 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $3,330.00, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.78. Armstrong World Industries has a 52-week low of $38.45 and a 52-week high of $63.60.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $351.90 million for the quarter, compared to analysts’ expectations of $357.29 million. Armstrong World Industries had a net margin of 11.44% and a return on equity of 46.62%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. equities research analysts forecast that Armstrong World Industries will post 2.85 EPS for the current fiscal year.

Armstrong World Industries announced that its board has approved a stock repurchase program on Monday, October 30th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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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.

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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