Trading Report: Today, Armstrong World Industries Inc. (AWI) Receives Consensus Rating of “Hold” from Brokerages

Today, Armstrong World Industries Inc. (AWI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Armstrong World Industries Inc. (NYSE:AWI) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the stock. Four investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $43.55.

Several analysts recently weighed in on AWI shares. Royal Bank Of Canada upped their price target on Armstrong World Industries from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 1st. RBC Capital Markets restated a “sector perform” rating and issued a $47.00 price target (up previously from $45.00) on shares of Armstrong World Industries in a research note on Monday, August 1st. Zacks Investment Research upgraded Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. KeyCorp upgraded Armstrong World Industries from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research note on Friday, August 5th. Finally, Bank of America Corp. assumed coverage on Armstrong World Industries in a research note on Friday, September 23rd. They set an “underperform” rating and a $38.00 target price on the stock.

In related news, Director Roy W. Templin bought 2,670 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were bought at an average cost of $37.16 per share, with a total value of $99,217.20. Following the acquisition, the director now owns 4,816 shares in the company, valued at $178,962.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. Independent Portfolio Consultants Inc. bought a new position in shares of Armstrong World Industries during the third quarter worth approximately $152,000. D.A. Davidson & CO. bought a new position in shares of Armstrong World Industries during the third quarter worth approximately $162,000. Foster Dykema Cabot & Co. Inc. MA bought a new position in shares of Armstrong World Industries during the third quarter worth approximately $207,000. Tocqueville Asset Management L.P. bought a new position in shares of Armstrong World Industries during the second quarter worth approximately $223,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Armstrong World Industries by 22.6% in the second quarter. Teacher Retirement System of Texas now owns 5,830 shares of the company’s stock worth $228,000 after buying an additional 1,074 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Shares of Armstrong World Industries (NYSE:AWI) traded up 0.96% during trading on Friday, hitting $42.15. The stock had a trading volume of 166,338 shares. The firm has a market capitalization of $2.33 billion, a P/E ratio of 37.14 and a beta of 1.37. Armstrong World Industries has a 1-year low of $35.92 and a 1-year high of $50.36. The stock’s 50-day moving average price is $39.73 and its 200 day moving average price is $40.88.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $334.90 million for the quarter, compared to the consensus estimate of $343.50 million. Armstrong World Industries had a return on equity of 22.79% and a net margin of 3.55%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. On average, analysts anticipate that Armstrong World Industries will post $2.25 earnings per share for the current year.

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