Armstrong World Industries Inc (NYSE:AWI) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $66.00.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Jefferies Financial Group reissued a “hold” rating and set a $68.00 target price on shares of Armstrong World Industries in a research note on Friday, July 20th. Finally, SunTrust Banks increased their target price on shares of Armstrong World Industries to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st.

In related news, Director Holdings L.P. Valueact sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $70.03, for a total value of $7,003,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 1,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $69.20, for a total transaction of $103,800,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,630,000 shares of company stock valued at $112,906,300. 1.94% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Flinton Capital Management LLC purchased a new stake in Armstrong World Industries in the 1st quarter worth approximately $102,000. Sun Life Financial INC purchased a new stake in Armstrong World Industries in the 2nd quarter worth approximately $108,000. Riverhead Capital Management LLC purchased a new stake in Armstrong World Industries in the 1st quarter worth approximately $113,000. Mount Yale Investment Advisors LLC purchased a new stake in Armstrong World Industries in the 1st quarter worth approximately $137,000. Finally, Meadow Creek Investment Management LLC purchased a new stake in Armstrong World Industries in the 1st quarter worth approximately $140,000. Institutional investors and hedge funds own 99.93% of the company’s stock.

AWI stock traded down $0.85 on Wednesday, hitting $71.20. 438,800 shares of the company’s stock traded hands, compared to its average volume of 409,025. Armstrong World Industries has a 1-year low of $48.45 and a 1-year high of $73.45. The firm has a market cap of $3.73 billion, a PE ratio of 23.77, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.24 and a quick ratio of 2.01.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, July 31st. The construction company reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. Armstrong World Industries had a net margin of 15.18% and a return on equity of 41.92%. The business had revenue of $248.60 million during the quarter, compared to analyst estimates of $245.81 million. During the same period in the prior year, the business earned $0.87 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. sell-side analysts expect that Armstrong World Industries will post 3.74 earnings per share for the current year.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.

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Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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