BNP Paribas upgraded shares of Armstrong World Industries (NYSE:AWI) from an underperform rating to a neutral rating in a research note released on Tuesday, Briefing.com Automated Import reports.
A number of other brokerages have also commented on AWI. Zacks Investment Research upgraded Armstrong World Industries from a sell rating to a hold rating and set a $99.00 price target on the stock in a report on Tuesday, October 29th. Exane BNP Paribas began coverage on shares of Armstrong World Industries in a research report on Wednesday, October 9th. They issued an underperform rating on the stock. Goldman Sachs Group started coverage on shares of Armstrong World Industries in a research note on Friday, December 6th. They issued a buy rating and a $112.00 target price on the stock. ValuEngine lowered shares of Armstrong World Industries from a hold rating to a sell rating in a research note on Tuesday, December 3rd. Finally, Evercore ISI cut shares of Armstrong World Industries from an in-line rating to an underperform rating and lowered their price target for the stock from $97.00 to $91.00 in a report on Monday, January 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $101.31.
Shares of NYSE AWI traded up $1.03 during trading on Tuesday, hitting $105.76. The stock had a trading volume of 6,604 shares, compared to its average volume of 249,834. The firm has a fifty day moving average of $96.11 and a two-hundred day moving average of $96.33. The company has a market capitalization of $4.95 billion, a PE ratio of 26.09, a PEG ratio of 1.28 and a beta of 1.57. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.09 and a quick ratio of 1.60. Armstrong World Industries has a 12 month low of $63.55 and a 12 month high of $105.28.
Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, October 28th. The construction company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. Armstrong World Industries had a net margin of 19.55% and a return on equity of 78.13%. The company had revenue of $277.10 million for the quarter, compared to analyst estimates of $289.93 million. During the same period last year, the firm earned $1.11 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that Armstrong World Industries will post 4.57 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of AWI. GQ Asset Management LLC bought a new stake in shares of Armstrong World Industries during the 3rd quarter valued at $103,000. California Public Employees Retirement System increased its holdings in Armstrong World Industries by 39.5% during the 3rd quarter. California Public Employees Retirement System now owns 123,392 shares of the construction company’s stock worth $11,932,000 after acquiring an additional 34,962 shares during the period. BlackRock Inc. lifted its stake in Armstrong World Industries by 10.5% in the 2nd quarter. BlackRock Inc. now owns 2,275,928 shares of the construction company’s stock worth $221,219,000 after purchasing an additional 216,655 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in Armstrong World Industries by 10.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 23,119 shares of the construction company’s stock worth $2,236,000 after purchasing an additional 2,198 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Armstrong World Industries in the 2nd quarter worth approximately $4,630,000. 99.99% of the stock is currently owned by institutional investors and hedge funds.
About Armstrong World Industries
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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