Armstrong World Industries (NYSE:AWI) was upgraded by investment analysts at Goldman Sachs from a “sell” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat.com reports.
Several other equities research analysts have also commented on AWI. Zacks Investment Research lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Stephens restated a “hold” rating and issued a $64.00 price objective on shares of Armstrong World Industries in a research note on Thursday, March 1st. SunTrust Banks restated a “buy” rating and issued a $67.00 price objective on shares of Armstrong World Industries in a research note on Monday, February 26th. JPMorgan Chase lowered Armstrong World Industries from a “neutral” rating to an “underweight” rating in a research note on Wednesday, March 7th. Finally, Jefferies Group restated a “hold” rating and issued a $66.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $58.33.
Shares of AWI traded up $0.10 during mid-day trading on Wednesday, reaching $56.55. The company had a trading volume of 14,429 shares, compared to its average volume of 441,398. The company has a quick ratio of 2.20, a current ratio of 2.40 and a debt-to-equity ratio of 1.95. Armstrong World Industries has a 52 week low of $41.20 and a 52 week high of $64.60. The stock has a market cap of $2,968.58, a P/E ratio of 18.69, a P/E/G ratio of 0.92 and a beta of 1.68.
A number of hedge funds have recently modified their holdings of AWI. Cerebellum GP LLC purchased a new stake in Armstrong World Industries in the 4th quarter worth $129,000. Captrust Financial Advisors purchased a new stake in Armstrong World Industries in the 4th quarter worth $147,000. State of Alaska Department of Revenue purchased a new stake in Armstrong World Industries in the 4th quarter worth $193,000. First National Bank Sioux Falls purchased a new stake in Armstrong World Industries in the 4th quarter worth $214,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Armstrong World Industries in the 4th quarter worth $221,000.
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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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