Mark A. Hershey Sells 2,217 Shares of Armstrong World Industries Inc (AWI) Stock
Armstrong World Industries Inc (NYSE:AWI) SVP Mark A. Hershey sold 2,217 shares of the business’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $70.04, for a total transaction of $155,278.68. Following the completion of the transaction, the senior vice president now owns 38,516 shares in the company, valued at approximately $2,697,660.64. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Armstrong World Industries stock opened at $70.30 on Wednesday. The stock has a market capitalization of $3.60 billion, a PE ratio of 23.28, a P/E/G ratio of 1.12 and a beta of 1.74. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 1.97. Armstrong World Industries Inc has a 1 year low of $49.25 and a 1 year high of $73.45.
Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, July 31st. The construction company reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $248.60 million for the quarter, compared to analyst estimates of $245.81 million. Armstrong World Industries had a net margin of 15.18% and a return on equity of 41.92%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 EPS. sell-side analysts forecast that Armstrong World Industries Inc will post 3.74 earnings per share for the current year.
A number of equities research analysts have recently issued reports on AWI shares. Zacks Investment Research lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. ValuEngine upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Jefferies Financial Group restated a “hold” rating and issued a $68.00 target price on shares of Armstrong World Industries in a research note on Friday, July 20th. Finally, SunTrust Banks upped their target price on shares of Armstrong World Industries to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.71.
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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