Armstrong World Industries (NYSE:AWI)‘s stock had its “positive” rating restated by analysts at SunTrust Banks in a research report issued to clients and investors on Friday, The Fly reports. They currently have a $85.00 target price on the construction company’s stock. SunTrust Banks’ target price indicates a potential upside of 26.45% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Jefferies Financial Group restated a “hold” rating and set a $70.00 target price on shares of Armstrong World Industries in a report on Friday, November 2nd. KeyCorp upgraded Armstrong World Industries from a “sector weight” rating to an “overweight” rating and set a $76.00 target price for the company in a report on Friday, November 2nd. Goldman Sachs Group assumed coverage on Armstrong World Industries in a report on Tuesday, October 2nd. They set a “neutral” rating and a $70.00 target price for the company. Zacks Investment Research cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, ValuEngine lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Armstrong World Industries has an average rating of “Hold” and a consensus price target of $69.88.

Shares of Armstrong World Industries stock opened at $67.22 on Friday. Armstrong World Industries has a 12 month low of $49.25 and a 12 month high of $73.45. The stock has a market cap of $3.50 billion, a P/E ratio of 20.72, a PEG ratio of 1.06 and a beta of 1.75. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.46 and a quick ratio of 1.35.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, October 30th. The construction company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). Armstrong World Industries had a net margin of 19.46% and a return on equity of 45.95%. The firm had revenue of $260.50 million for the quarter, compared to analysts’ expectations of $252.96 million. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts expect that Armstrong World Industries will post 3.74 EPS for the current fiscal year.

In other Armstrong World Industries news, Director Holdings L.P. Valueact sold 100,000 shares of Armstrong World Industries stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $70.03, for a total transaction of $7,003,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mark A. Hershey sold 35,773 shares of Armstrong World Industries stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $70.03, for a total value of $2,505,183.19. Following the transaction, the senior vice president now directly owns 38,516 shares in the company, valued at approximately $2,697,275.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,990 shares of company stock worth $11,766,762. 1.94% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its position in Armstrong World Industries by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 309,267 shares of the construction company’s stock worth $19,546,000 after buying an additional 17,159 shares during the period. Fox Run Management L.L.C. increased its holdings in shares of Armstrong World Industries by 48.3% in the third quarter. Fox Run Management L.L.C. now owns 7,521 shares of the construction company’s stock valued at $523,000 after purchasing an additional 2,451 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Armstrong World Industries in the second quarter valued at approximately $246,000. FMR LLC increased its holdings in shares of Armstrong World Industries by 67.4% in the second quarter. FMR LLC now owns 669,670 shares of the construction company’s stock valued at $42,323,000 after purchasing an additional 269,670 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of Armstrong World Industries by 157.0% in the second quarter. Captrust Financial Advisors now owns 3,136 shares of the construction company’s stock valued at $198,000 after purchasing an additional 1,916 shares during the period.

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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The Fly

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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