Out of 9 analysts covering Armstrong World Industries Inc. (NYSE:AWI), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. Armstrong World Industries Inc. has been the topic of 11 analyst reports since October 6, 2015 according to StockzIntelligence Inc. Bank of America initiated the stock on September 23 with “Underperform” rating. Below is a list of Armstrong World Industries Inc (NYSE:AWI) latest ratings and price target changes.
23/09/2016 Broker: Bank of America Rating: Underperform Initiate
05/08/2016 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight Upgrade
16/05/2016 Broker: JP Morgan Rating: Neutral Old Target: $50.00 New Target: $45.00 Maintain
16/05/2016 Broker: Citigroup Rating: Neutral Old Target: $36.40 New Target: $45.00 Maintain
16/05/2016 Broker: Piper Jaffray Rating: Neutral New Target: $45.00 Reinitiate
The stock decreased 0.54% or $0.22 during the last trading session, hitting $40.79. Armstrong World Industries Inc (NYSE:AWI) has risen 0.10% since February 25, 2016 and is uptrending. It has underperformed by 11.16% the S&P500.
Armstrong World Industries, Inc. is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The company has a market cap of $2.25 billion. The Firm operates in four divisions: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which designs, makes, sources and sells a range of floor coverings primarily for homes and commercial and institutional buildings; Wood Flooring segment, which designs, makes, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices, and Unallocated Corporate. It has a 95.45 P/E ratio.
Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.33, from 1.34 in 2016Q1. The ratio turned negative, as 35 funds sold all Armstrong World Industries Inc shares owned while 44 reduced positions. 21 funds bought stakes while 59 increased positions. They now own 53.97 million shares or 2.46% more from 52.68 million shares in 2016Q1.
Stockbridge Partners Llc holds 7.65% of its portfolio in Armstrong World Industries Inc for 3.74 million shares. Kortright Capital Partners Lp owns 45,000 shares or 5.97% of their US portfolio. Moreover, Moab Capital Partners Llc has 4.78% invested in the company for 384,514 shares. The New York-based Marble Arch Investments Lp has invested 4.77% in the stock. Valueact Holdings L.P., a California-based fund reported 9.20 million shares.
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