Armstrong World Industries (NYSE:AWI – Get Rating) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Wednesday.
Other analysts have also recently issued reports about the company. 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 target on the stock. Loop Capital upgraded Armstrong World Industries from a "hold" rating to a "buy" rating and set a $95.00 price target on the stock in a research note on Wednesday, June 15th. They noted that the move was a valuation call. UBS Group cut their target price on 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 upgraded Armstrong World Industries from a "neutral" rating to a "buy" rating and set a $93.00 target price on the stock in a research report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.80.Get Armstrong World Industries alerts:
Armstrong World Industries Trading Down 2.2 %
NYSE:AWI opened at $82.58 on Wednesday. Armstrong World Industries has a 12-month low of $73.25 and a 12-month high of $118.14. The company has a current ratio of 1.66, a quick ratio of 1.14 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.83 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23. The stock has a fifty day moving average price of $86.44 and a 200 day moving average price of $85.67.Armstrong World Industries (NYSE:AWI – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The construction company reported $1.29 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.09). Armstrong World Industries had a net margin of 16.07% and a return on equity of 41.11%. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $317.19 million. During the same quarter in the prior year, the business earned $1.16 earnings per share. The firm's quarterly revenue was up 14.6% on a year-over-year basis. Sell-side analysts anticipate that Armstrong World Industries will post 5.15 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Armstrong World Industries
Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Armstrong World Industries by 402.7% in the 2nd quarter. US Bancorp DE now owns 367 shares of the construction company's stock valued at $28,000 after acquiring an additional 294 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Armstrong World Industries in the 2nd quarter valued at approximately $38,000. Exane Derivatives purchased a new stake in Armstrong World Industries in the 1st quarter valued at approximately $39,000. Van ECK Associates Corp purchased a new stake in Armstrong World Industries in the 2nd quarter valued at approximately $97,000. Finally, AdvisorNet Financial Inc boosted its holdings in Armstrong World Industries by 33.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,155 shares of the construction company's stock valued at $104,000 after purchasing an additional 290 shares in the last quarter.
Armstrong World Industries Company Profile
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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