Armstrong World Industries Inc (AWI) : 6 analysts are covering Armstrong World Industries Inc (AWI) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Armstrong World Industries Inc (AWI) : Currently there are 5 street experts covering Armstrong World Industries Inc (AWI) stock. The most bullish and bearish price target for the stock is $62 and $45 respectively for the short term. The average price target of all the analysts comes to $50.6. The estimated standard deviation from the target is $6.66.
Company shares have received an average consensus rating of Hold for the current week Armstrong World Industries Inc (NYSE:AWI): The stock opened at $44.60 on Thursday but the bulls could not build on the opening and the stock topped out at $44.90 for the day. The stock traded down to $44.37 during the day, due to lack of any buying support eventually closed down at $44.53 with a loss of -0.07% for the day. The stock had closed at $44.56 on the previous day. The total traded volume was 263,066 shares.
In a related news, The officer (Vice President and Controller), of Armstrong World Industries Inc, Mcnamara Stephen F had unloaded 2,000 shares at $60.15 per share in a transaction on August 18, 2015. The total value of transaction was $120,300. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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 operates in four segments: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which produces and sources a range of floor coverings for homes and commercial and institutional buildings and Wood Flooring segment produces and sources wood flooring products for use in new residential construction and renovation, with commercial applications in stores, restaurants and high-end offices. Its brands include Armstrong, Alterna, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Dune, Excelon, Huiyi, Imperial, Initiator, Laurel, Luxe Plank, Medintech, MetalWorks, Optima, Perla, Plano, Stonetex, Station Square, ToughGuard, Ultima and WoodWorks, among others.