1 day Ago By ABMN Staff
Armstrong World Industries, Inc. ( NYSE:AWI – Get Free Report ) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 458,900 shares, a decrease of 11.
6% from the August 15th total of 519,300 shares. Approximately 1.1% of the shares of the stock are short sold.
Based on an average trading volume of 306,600 shares, the short-interest ratio is presently 1.5 days. Armstrong World Industries Price Performance Shares of AWI traded up $0.
29 during trading hours on Wednesday, reaching $128.82. 203,747 shares of the company traded hands, compared to its average volume of 324,887.
The stock has a market capitalization of $5.64 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.
73 and a beta of 1.14. The stock has a fifty day simple moving average of $123.
69 and a 200 day simple moving average of $119.45. Armstrong World Industries has a fifty-two week low of $68.
35 and a fifty-two week high of $134.90. The company has a quick ratio of 1.
19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97.
Armstrong World Industries ( NYSE:AWI – Get Free Report ) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
55 by $0.07. The company had revenue of $365.
10 million for the quarter, compared to analysts’ expectations of $360.36 million. Armstrong World Industries had a net margin of 17.
92% and a return on equity of 41.53%. The firm’s revenue for the quarter was up 12.
2% compared to the same quarter last year. During the same period last year, the company earned $1.38 EPS.
As a group, research analysts predict that Armstrong World Industries will post 6.07 EPS for the current fiscal year. Armstrong World Industries Dividend Announcement Institutional Inflows and Outflows Large investors have recently made changes to their positions in the business.
Allspring Global Investments Holdings LLC acquired a new position in Armstrong World Industries in the first quarter valued at $27,000. UMB Bank n.a.
lifted its holdings in shares of Armstrong World Industries by 67.3% during the 1st quarter. UMB Bank n.
a. now owns 261 shares of the construction company’s stock worth $32,000 after acquiring an additional 105 shares during the period. YHB Investment Advisors Inc.
acquired a new stake in shares of Armstrong World Industries in the first quarter worth approximately $52,000. First Horizon Advisors Inc. grew its holdings in Armstrong World Industries by 33.
0% in the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock valued at $57,000 after purchasing an additional 125 shares during the period.
Finally, Covestor Ltd increased its position in Armstrong World Industries by 20.4% during the first quarter. Covestor Ltd now owns 596 shares of the construction company’s stock worth $74,000 after purchasing an additional 101 shares during the last quarter.
Hedge funds and other institutional investors own 98.93% of the company’s stock. Analysts Set New Price Targets AWI has been the topic of a number of research analyst reports.
Evercore ISI boosted their target price on Armstrong World Industries from $119.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 31st.
Truist Financial boosted their price objective on shares of Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st.
StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Finally, UBS Group increased their price target on shares of Armstrong World Industries from $122.
00 to $136.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.
Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.75.
Read Our Latest Analysis on AWI About Armstrong World Industries ( Get Free Report ) Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.
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