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.