Armstrong World Industries (NYSE:AWI – Get Rating) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Armstrong World Industries in a research note on Wednesday, August 17th. They set a "buy" rating and a $125.00 price objective on the stock. Loop Capital raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Wednesday, June 15th. They noted that the move was a valuation call. UBS Group dropped their target price on shares of Armstrong World Industries from $86.00 to $82.00 and set a "sell" rating on the stock in a research report on Wednesday, July 27th. Finally, The Goldman Sachs Group raised shares of Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 price objective on the stock in a research report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Moderate Buy" and an average target price of $112.80.
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Armstrong World Industries Stock Down 1.7 %
AWI stock opened at $83.29 on Tuesday. The firm has a market cap of $3.86 billion, a PE ratio of 20.87, a PEG ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.14 and a current ratio of 1.66. The firm's 50 day moving average price is $85.96 and its 200-day moving average price is $85.85. Armstrong World Industries has a one year low of $73.25 and a one year high of $118.14.
Armstrong World Industries (NYSE:AWI – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.09). Armstrong World Industries had a return on equity of 41.11% and a net
margin of 16.07%. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $317.19 million. During the same quarter last year, the firm earned $1.16 EPS. The business's revenue was up 14.6% on a year-over-year basis. On average, equities research analysts anticipate that Armstrong World Industries will post 5.15 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AWI. US Bancorp DE increased its position in shares of Armstrong World Industries by 402.7% during the 2nd quarter. US Bancorp DE now owns 367 shares of the construction company's stock valued at $28,000 after purchasing an additional 294 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Armstrong World Industries in the second quarter worth $38,000. Exane Derivatives bought a new stake in shares of Armstrong World Industries in the first quarter worth $39,000. Covestor Ltd bought a new stake in shares of Armstrong World Industries in the fourth quarter worth $78,000. Finally, Van ECK Associates Corp bought a new stake in Armstrong World Industries during the second quarter valued at about $97,000.
About Armstrong World Industries
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Armstrong World Industries, Inc, together with its subsidiaries, 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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