Brokerages Set Armstrong World Industries Inc (NYSE:AWI) PT at $95.14

Shares of Armstrong World Industries Inc (NYSE:AWI) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $95.14.

A number of equities analysts have recently issued reports on AWI shares. Zacks Investment Research cut HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. KeyCorp decreased their price target on G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Nomura increased their price target on Synchrony Financial from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Deutsche Bank decreased their price target on from GBX 217 ($2.84) to GBX 175 ($2.29) and set a “sell” rating on the stock in a research report on Monday, June 24th. Finally, Bank of America increased their price target on Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th.

Shares of AWI traded up $0.91 during mid-day trading on Tuesday, reaching $100.00. The company had a trading volume of 270,400 shares, compared to its average volume of 474,868. Armstrong World Industries has a twelve month low of $54.34 and a twelve month high of $100.44. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 2.67. The stock’s 50-day moving average price is $95.84. The stock has a market cap of $4.83 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.14 and a beta of 1.67.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, April 29th. The construction company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.15. Armstrong World Industries had a return on equity of 63.92% and a net margin of 19.92%. The business had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $247.38 million. During the same period in the prior year, the firm posted $0.79 EPS. Armstrong World Industries’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Armstrong World Industries will post 4.55 earnings per share for the current fiscal year.

In other Armstrong World Industries news, SVP Ellen R. Romano sold 6,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $88.21, for a total value of $573,365.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 63,910 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $86.88, for a total value of $5,552,500.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,188 shares of company stock worth $6,804,574. 1.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AWI. Macquarie Group Ltd. bought a new position in Armstrong World Industries in the 4th quarter valued at $29,000. Quadrant Capital Group LLC bought a new position in Armstrong World Industries in the 1st quarter valued at $52,000. Captrust Financial Advisors boosted its position in Armstrong World Industries by 13.4% in the 4th quarter. Captrust Financial Advisors now owns 2,604 shares of the construction company’s stock valued at $152,000 after buying an additional 308 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in Armstrong World Industries in the 1st quarter valued at $167,000. Finally, Qtron Investments LLC bought a new position in Armstrong World Industries in the 1st quarter valued at $203,000.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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