Armstrong World Industries (NYSE:AWI – Get Rating) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday.
Other analysts have also issued research reports about the stock. Loop Capital raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price target on the stock in a research report on Wednesday, June 15th. They noted that the move was a valuation call. UBS Group reduced their price target 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. The Goldman Sachs Group raised shares of Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 price target on the stock in a research report on Wednesday, July 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Armstrong World Industries in a research report on Wednesday, August 17th. They issued a "buy" rating and a $125.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.80.
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Armstrong World Industries Trading Up 3.1 %
Shares of Armstrong World Industries stock opened at $80.72 on Thursday. The stock has a market cap of $3.74 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.25 and a beta of 1.23. The stock's 50 day simple moving average is $86.28 and its 200-day simple moving average is $85.31. Armstrong World Industries has a 1-year low of $73.25 and a 1-year high of $118.14. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.66 and a quick ratio of 1.14.
Armstrong World Industries (NYSE:AWI – Get Rating) last released 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). The firm had revenue of $321.00 million for the quarter, compared to analysts' expectations of $317.19 million. Armstrong World Industries had a net
margin of 16.07% and a return on equity of 41.11%. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 EPS. Analysts predict that Armstrong World Industries will post 5.15 EPS for the current fiscal year.
Institutional Trading of Armstrong World Industries
A number of hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in Armstrong World Industries during the second quarter worth approximately $266,000. Verition Fund Management LLC boosted its position in Armstrong World Industries by 32.5% during the second quarter. Verition Fund Management LLC now owns 25,097 shares of the construction company's stock worth $1,881,000 after acquiring an additional 6,158 shares during the last quarter. Captrust Financial Advisors boosted its position in Armstrong World Industries by 4.3% during the second quarter. Captrust Financial Advisors now owns 3,317 shares of the construction company's stock worth $249,000 after acquiring an additional 136 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Armstrong World Industries during the second quarter worth approximately $679,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Armstrong World Industries in the 2nd quarter valued at $38,000.
Armstrong World Industries Company Profile
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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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