Armstrong World Industries (AWI) Scheduled to Post Earnings on Tuesday

Armstrong World Industries (NYSE:AWIGet Free Report) will announce its earnings results before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Armstrong World Industries Stock Up 0.6 %

Shares of NYSE AWI opened at $105.51 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.31 and a debt-to-equity ratio of 1.07. Armstrong World Industries has a 12 month low of $62.03 and a 12 month high of $106.45. The firm has a market capitalization of $4.66 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09. The firm has a fifty day simple moving average of $98.42 and a two-hundred day simple moving average of $83.92.

Insider Activity

In other news, CEO Victor Grizzle sold 22,914 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $99.02, for a total transaction of $2,268,944.28. Following the sale, the chief executive officer now owns 332,435 shares of the company’s stock, valued at approximately $32,917,713.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On Armstrong World Industries

A number of institutional investors and hedge funds have recently made changes to their positions in AWI. Steward Partners Investment Advisory LLC bought a new stake in Armstrong World Industries during the 4th quarter worth approximately $49,000. US Bancorp DE raised its stake in Armstrong World Industries by 74.6% during the 4th quarter. US Bancorp DE now owns 487 shares of the construction company’s stock worth $48,000 after acquiring an additional 208 shares during the period. Citigroup Inc. raised its stake in Armstrong World Industries by 13.4% during the 3rd quarter. Citigroup Inc. now owns 16,664 shares of the construction company’s stock worth $1,200,000 after acquiring an additional 1,967 shares during the period. American Century Companies Inc. raised its stake in Armstrong World Industries by 22.4% during the 3rd quarter. American Century Companies Inc. now owns 26,186 shares of the construction company’s stock worth $1,885,000 after acquiring an additional 4,790 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in Armstrong World Industries during the 3rd quarter worth approximately $426,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AWI. StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Truist Financial increased their price target on shares of Armstrong World Industries from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries has a consensus rating of “Hold” and an average target price of $88.57.

Read Our Latest Stock Report on AWI

About Armstrong World Industries

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Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling and wall systems in the United States, Canada, and Latin America. It operates through Mineral Fiber and Architectural Specialties segments. The company offers suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall products; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and facade and partition products.

Further Reading

Earnings History for Armstrong World Industries (NYSE:AWI)

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