Armstrong World Industries (NYSE:AWI – Get Rating) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.
Several other equities research analysts have also commented on AWI. Deutsche Bank Aktiengesellschaft started coverage on Armstrong World Industries in a research note on Wednesday, August 17th. They issued a "buy" rating and a $125.00 price objective for the company. The Goldman Sachs Group upgraded Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 price target for the company in a research note on Wednesday, July 13th. Loop Capital upgraded Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price target for the company in a research note on Wednesday, June 15th. They noted that the move was a valuation call. Finally, UBS Group cut their price target on Armstrong World Industries from $86.00 to $82.00 and set a "sell" rating for the company in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of "Moderate Buy" and an average price target of $112.80.
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Armstrong World Industries Trading Down 0.0 %
NYSE:AWI opened at $79.23 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.66 and a quick ratio of 1.14. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.23. Armstrong World Industries has a one year low of $73.25 and a one year high of $118.14. The business has a fifty day moving average price of $86.08 and a 200-day moving average price of $85.16.
Armstrong World Industries (NYSE:AWI – Get Rating) last posted its quarterly earnings data 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 company had revenue of $321.00 million during the quarter, compared to analysts' expectations of $317.19 million. Armstrong World Industries had a return on equity of 41.11% and a net
margin of 16.07%. The company's revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. Sell-side analysts forecast that Armstrong World Industries will post 5.15 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AWI. US Bancorp DE lifted its stake in Armstrong World Industries by 402.7% in the second quarter. US Bancorp DE now owns 367 shares of the construction company's stock worth $28,000 after purchasing an additional 294 shares during the last quarter. Exane Derivatives bought a new stake in Armstrong World Industries in the first quarter worth about $39,000. Point72 Hong Kong Ltd bought a new stake in Armstrong World Industries in the second quarter worth about $38,000. AdvisorNet Financial Inc increased its position in shares of Armstrong World Industries by 33.5% during the first quarter. AdvisorNet Financial Inc now owns 1,155 shares of the construction company's stock worth $104,000 after acquiring an additional 290 shares during the period. Finally, Covestor Ltd increased its position in shares of Armstrong World Industries by 89.9% during the first quarter. Covestor Ltd now owns 1,272 shares of the construction company's stock worth $115,000 after acquiring an additional 602 shares during the period.
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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