Armstrong World Industries Inc. (NYSE: AWI)’s stock price has soared by 1.23 in relation to previous closing price of 125.22. Nevertheless, the company has seen a gain of 0.68% in its stock price over the last five trading days. zacks.com reported 2024-08-22 that A focus on operational efficiencies and higher government spending raises hope for WMS, AWI, FTDR, ROAD and SWIM.
Is It Worth Investing in Armstrong World Industries Inc. (NYSE: AWI) Right Now?
Armstrong World Industries Inc. (NYSE: AWI) has a price-to-earnings ratio that is above its average at 23.16x. The stock has a 36-month beta value of 1.14. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for AWI is 43.20M, and at present, short sellers hold a 1.20% of that float. On September 02, 2024, the average trading volume of AWI was 316.11K shares.
AWI’s Market Performance
AWI stock saw a decrease of 0.68% in the past week, with a monthly decline of -2.06% and a quarterly a decrease of 9.46%. The volatility ratio for the week is 1.98%, and the volatility levels for the last 30 days are 2.04% for Armstrong World Industries Inc. (AWI). The simple moving average for the past 20 days is 3.55% for AWI’s stock, with a 13.83% simple moving average for the past 200 days.
Analysts’ Opinion of AWI
Many brokerage firms have already submitted their reports for AWI stocks, with UBS repeating the rating for AWI by listing it as a “Neutral.” The predicted price for AWI in the upcoming period, according to UBS is $103 based on the research report published on January 04, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see AWI reach a price target of $77, previously predicting the price at $91. The rating they have provided for AWI stocks is “Hold” according to the report published on March 21st, 2023.
Evercore ISI gave a rating of “In-line” to AWI, setting the target price at $80 in the report published on January 13th of the previous year.
AWI Trading at 5.00% from the 50-Day Moving Average
After a stumble in the market that brought AWI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.03% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +0.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.11% upper at present.
During the last 5 trading sessions, AWI rose by +0.68%, which changed the moving average for the period of 200-days by +58.15% in comparison to the 20-day moving average, which settled at $122.43. In addition, Armstrong World Industries Inc. saw 28.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AWI starting from JAMES C MELVILLE, who proposed sale 10,332 shares at the price of $122.51 back on Aug 06 ’24. After this action, JAMES C MELVILLE now owns shares of Armstrong World Industries Inc., valued at $1,265,775 using the latest closing price.
JAMES C MELVILLE, the Director of Armstrong World Industries Inc., proposed sale 5,405 shares at $121.70 during a trade that took place back on Aug 05 ’24, which means that JAMES C MELVILLE is holding shares at $657,793 based on the most recent closing price.
Stock Fundamentals for AWI
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.4 for the gross margin
The net margin for Armstrong World Industries Inc. stands at 0.18. The total capital return value is set at 0.19. Equity return is now at value 39.18, with 13.71 for asset returns.
Based on Armstrong World Industries Inc. (AWI), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 7.47.
Currently, EBITDA for the company is 323.7 million with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 4.57. The receivables turnover for the company is 9.65for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
To sum up, Armstrong World Industries Inc. (AWI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
