BNP Paribas initiated coverage on shares of Armstrong World Industries (NYSE:AWI) in a report issued on Wednesday morning, Briefing.com Automated Import reports. The brokerage issued an underperform rating on the construction company’s stock.
A number of other research firms also recently commented on AWI. Bank of America lifted their price objective on shares of Armstrong World Industries from $108.00 to $110.00 and gave the stock a buy rating in a report on Tuesday, July 30th. Deutsche Bank reaffirmed a buy rating and issued a $107.00 price objective on shares of Armstrong World Industries in a report on Monday, June 24th. SunTrust Banks lifted their price objective on shares of Armstrong World Industries to $109.00 and gave the stock a buy rating in a report on Tuesday, June 18th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Armstrong World Industries from a buy rating to a hold rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $94.13.
AWI stock opened at $97.00 on Wednesday. The company has a market capitalization of $4.72 billion, a P/E ratio of 26.50, a PEG ratio of 1.33 and a beta of 1.57. The firm has a 50 day simple moving average of $95.42 and a 200-day simple moving average of $92.55. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 3.02. Armstrong World Industries has a twelve month low of $54.34 and a twelve month high of $104.50.
Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, July 29th. The construction company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $272.00 million during the quarter, compared to the consensus estimate of $278.75 million. Armstrong World Industries had a net margin of 20.17% and a return on equity of 77.10%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, research analysts predict that Armstrong World Industries will post 4.58 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC boosted its holdings in shares of Armstrong World Industries by 25.0% during the third quarter. Cerebellum GP LLC now owns 4,624 shares of the construction company’s stock valued at $447,000 after acquiring an additional 926 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Armstrong World Industries during the second quarter valued at $350,000. Atria Investments LLC acquired a new position in shares of Armstrong World Industries during the second quarter valued at $360,000. Treasurer of the State of North Carolina boosted its holdings in shares of Armstrong World Industries by 14.5% during the second quarter. Treasurer of the State of North Carolina now owns 19,645 shares of the construction company’s stock valued at $1,909,000 after acquiring an additional 2,490 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Armstrong World Industries during the second quarter valued at $4,630,000. 99.52% of the stock is owned by institutional investors.
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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