Armstrong World Industries Inc (NYSE:AWI) Receives Buy Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. restated their buy rating on shares of Armstrong World Industries Inc (NYSE:AWI) in a research report released on Wednesday, November 1st. The firm currently has a $55.00 price objective on the construction company’s stock. SunTrust Banks also issued estimates for Armstrong World Industries’ Q4 2017 earnings at $0.69 EPS, FY2017 earnings at $2.83 EPS, Q1 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $3.15 EPS.

Other analysts also recently issued reports about the stock. TheStreet upgraded shares of Armstrong World Industries from a c+ rating to a b rating in a research report on Monday, July 31st. ValuEngine upgraded shares of Armstrong World Industries from a hold rating to a buy rating in a research report on Thursday, July 6th. Deutsche Bank AG raised their target price on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a buy rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Armstrong World Industries from a sell rating to a hold rating in a research note on Friday, August 4th. Finally, Zacks Investment Research cut shares of Armstrong World Industries from a buy rating to a hold rating in a research note on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Armstrong World Industries presently has an average rating of Hold and an average target price of $49.00.

Shares of Armstrong World Industries (NYSE AWI) traded down $0.60 during trading on Wednesday, reaching $50.55. 381,700 shares of the company were exchanged, compared to its average volume of 497,462. The company has a market capitalization of $2,705.26, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.73. Armstrong World Industries has a 12 month low of $38.45 and a 12 month high of $54.45. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 2.25.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.06). Armstrong World Industries had a net margin of 11.44% and a return on equity of 46.62%. The company had revenue of $351.90 million for the quarter, compared to the consensus estimate of $357.29 million. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. equities research analysts predict that Armstrong World Industries will post 2.84 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Armstrong World Industries Inc (NYSE:AWI) Receives Buy Rating from SunTrust Banks, Inc.” was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/armstrong-world-industries-awi-buy-rating-reaffirmed-at-suntrust-banks-inc/1748673.html.

Armstrong World Industries announced that its Board of Directors has authorized a share repurchase plan on Monday, October 30th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Armstrong World Industries by 8.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 179,704 shares of the construction company’s stock valued at $8,276,000 after purchasing an additional 14,066 shares in the last quarter. Morgan Stanley grew its position in shares of Armstrong World Industries by 84.7% in the 1st quarter. Morgan Stanley now owns 48,446 shares of the construction company’s stock worth $2,231,000 after buying an additional 22,211 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Armstrong World Industries by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 3,440,487 shares of the construction company’s stock worth $158,435,000 after buying an additional 165,841 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Armstrong World Industries by 5.2% in the 2nd quarter. New York State Common Retirement Fund now owns 279,381 shares of the construction company’s stock worth $12,852,000 after buying an additional 13,699 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Armstrong World Industries by 13.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 36,461 shares of the construction company’s stock worth $1,679,000 after buying an additional 4,247 shares during the last quarter.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

Receive News & Ratings for Armstrong World Industries Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries Inc and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Brandon Morrow Becomes Hot Commodity
Brandon Morrow Becomes Hot Commodity
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Red Sox Want Sluggers, Giancarlo Stanton May Become Available


Leave a Reply

 
© 2006-2017 BBNS.