Armstrong World Industries (NYSE:AWI) was upgraded by research analysts at Exane BNP Paribas from a "neutral" rating to an "outperform" rating in a report issued on Tuesday, The Fly reports.
Several other brokerages have also issued reports on AWI. Loop Capital upgraded shares of Armstrong World Industries from a "sell" rating to a "hold" rating and dropped their target price for the company from $95.00 to $83.00 in a research report on Tuesday, March 17th. Nomura Securities lifted their target price on shares of Armstrong World Industries from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, April 17th. TheStreet lowered shares of Armstrong World Industries from a "b" rating to a "c" rating in a research report on Tuesday, April 28th. SunTrust Banks decreased their price target on shares of Armstrong World Industries from $100.00 to $95.00 in a research note on Tuesday, April 28th. Finally, BNP Paribas raised shares of Armstrong World Industries from a "neutral" rating to an "outperform" rating and set a $86.50 price target on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of "Buy" and an average price target of $97.95.
NYSE:AWI traded up $2.30 on Tuesday, reaching $76.68. 3,135 shares of the company's stock were exchanged, compared to its average volume of 466,613. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.03 and a quick ratio of 1.63. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -65.03, a P/E/G ratio of 5.00 and a beta of 1.21. Armstrong World Industries has a 52 week low of $62.03 and a 52 week high of $111.46. The stock has a fifty day simple moving average of $74.70 and a 200-day simple moving average of $87.17.
Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, April 27th. The construction company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.11 by ($0.01). The business had revenue of $248.70 million for the quarter, compared to the consensus estimate of $250.69 million. Armstrong World Industries had a positive return on equity of 71.34% and a negative net margin of 4.86%. Armstrong World Industries's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, sell-side analysts predict that Armstrong World Industries will post 4.02 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in Armstrong World Industries in the 1st quarter worth about $26,000. Rockefeller Capital Management L.P. boosted its stake in Armstrong World Industries by 113.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 363 shares of the construction company's stock worth $29,000 after purchasing an additional 193 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Armstrong World Industries by 1,761.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 484 shares of the construction company's stock worth $38,000 after purchasing an additional 458 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Armstrong World Industries in the 1st quarter worth about $91,000. Finally, US Bancorp DE boosted its stake in Armstrong World Industries by 24.2% in the 1st quarter. US Bancorp DE now owns 1,515 shares of the construction company's stock worth $120,000 after purchasing an additional 295 shares in the last quarter. Institutional investors own 99.64% of the company's stock.
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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