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Armstrong World upgraded to Buy from Neutral at Nomura Instinet » 09:06
03/27/20
03/27
09:06
03/27/20
09:06
AWI

Armstrong World

/

+

Nomura Instinet analyst…

Nomura Instinet analyst Michael Wood upgraded Armstrong World Industries to Buy from Neutral with a price target of $90, down from $95. The analyst expects management to remove 2020 guidance but feels "relatively more confident" in forecasting the company's results compared to the minimal visibility among other residential-heavy stocks. Wood expects investors to pay a premium for Armstrong's "relative defensiveness, focused and high quality senior management, and ability to mitigate volume loss."

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Over a week ago
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Armstrong World upgraded to Hold from Sell at Loop Capital » 08:39
03/17/20
03/17
08:39
03/17/20
08:39
AWI

Armstrong World

$74.01 /

-13.45 (-15.38%)

Loop Capital analyst…

Loop Capital analyst Garik Shmois upgraded Armstrong World to Hold from Sell with a price target of $83, down from $93. The analyst cites the company's stock price correction and also believes that investors may look for more defensive names, adding that Armstrong World qualifies given its strong balance sheet and cash flow profile along with about 70% of its sales tied to commercial R&R. Shmois believes that Armstrong World will at least perform in line with building product peers in the near term.

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Armstrong World upgraded to Hold from Sell at Loop Capital » 05:51
03/17/20
03/17
05:51
03/17/20
05:51
AWI

Armstrong World

$74.01 /

-13.45 (-15.38%)

Loop Capital analyst…

Loop Capital analyst Garik Shmois upgraded Armstrong World Industries to Hold from Sell with a price target of $83, down from $95.

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Over a month ago
Recommendations
Armstrong World price target raised to $120 from $109 at SunTrust » 08:02
02/25/20
02/25
08:02
02/25/20
08:02
AWI

Armstrong World

$106.08 /

-0.405 (-0.38%)

SunTrust analyst Keith…

SunTrust analyst Keith Hughes raised his price target on Armstrong World to $120 and kept his Buy rating after its Q4 earnings beat, even though it was mostly driven by interest expense and taxes, along with the management's FY20 guidance that was slightly above consensus. While the earnings call commentary suggested a slow 2020 start for Armstrong World, the analyst remains positive on the company's outperformance in spite of the "modest" commercial environment.

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Hot Stocks
Athene Holding announces pension buyout agreement with Armstrong World » 16:32
02/24/20
02/24
16:32
02/24/20
16:32
ATH

Athene Holding

$48.13 /

-1.6 (-3.22%)

, AWI

Armstrong World

$106.08 /

-0.405 (-0.38%)

Athene Holding (ATH)…

Athene Holding (ATH) announced a pension buyout agreement with Armstrong World Industries (AWI). Under the terms of the transaction, Athene's wholly-owned Iowa-domiciled life insurance subsidiary, Athene Annuity and Life Company, and Athene's wholly-owned New York-domiciled life insurance subsidiary, Athene Annuity & Life Assurance Company of New York, have agreed to provide annuity benefits for approximately 10,000 retirees who are currently receiving benefits from Armstrong's pension plan. In aggregate, Armstrong is transferring approximately $1B in pension obligations to Athene. Under the agreement, AAIA and AANY will each issue a group annuity contract to Armstrong and individual annuity certificates to applicable retirees. AAIA and AANY will have direct payment responsibility for all the liabilities covered in this transaction.

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Earnings
Armstrong World reports Q4 adjusted EPS $1.11, consensus 86c  06:04
02/24/20
02/24
06:04
02/24/20
06:04
AWI

Armstrong World

$106.49 /

+0.135 (+0.13%)

 
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Earnings
Armstrong World sees FY20 sales growth of 6%-8%, consensus $1.1B » 06:01
02/24/20
02/24
06:01
02/24/20
06:01
AWI

Armstrong World

$106.49 /

+0.135 (+0.13%)

2020 Guidance: Net Sales…

2020 Guidance: Net Sales growth of 6-8%, year-over-year EBITDA margin expansion, and adjusted Free Cash Flow growth of 11%-19%.

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Earnings
Armstrong World reports Q4 diluted EPS $1.04, consensus 86c » 06:00
02/24/20
02/24
06:00
02/24/20
06:00
AWI

Armstrong World

$106.49 /

+0.135 (+0.13%)

Reports Q4 revenue…

Reports Q4 revenue $246.9M, consensus $256.29M.

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Initiation
Armstrong World initiated with a Sell at Loop Capital » 08:35
01/24/20
01/24
08:35
01/24/20
08:35
AWI

Armstrong World

$105.38 /

-0.29 (-0.27%)

Loop Capital analyst…

Loop Capital analyst Garik Shmois initiated coverage of Armstrong World with a Sell rating and $93 price target. The analyst warns that the company's exposure to the slower part of the construction cycle could put its recent multiple gains at risk and further points to the weaker leading market indicators that are likely to be reflected in slower 2020 revenue growth.

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Initiation
Armstrong World initiated with a Sell at Loop Capital » 16:17
01/23/20
01/23
16:17
01/23/20
16:17
AWI

Armstrong World

$105.30 /

-0.37 (-0.35%)

Loop Capital initiated…

Loop Capital initiated coverage of Armstrong World Industries with a Sell rating and $93 price target.

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