Today it was reported that the VP & Controller of Armstrong Ind (AWI), Stephen Mcnamara, exercised options to sell 7,778 AWI shares at $21.95 a share, for a total transaction value of $678.7K.
Following Stephen Mcnamara’s last AWI Sell transaction on August 19, 2015, the stock climbed by 34.5%.
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Based on Armstrong Ind’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $242 million and quarterly net profit of $36.8 million. In comparison, last year the company earned revenue of $228 million and had a net profit of $45 million. AWI’s market cap is $4.21B and the company has a P/E ratio of 22.69. Currently, Armstrong Ind has an average volume of 530.7K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $82.50, reflecting a -5.6% downside.
The insider sentiment on Armstrong Ind has been negative according to 26 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Armstrong World Industries, Inc. engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Americas; Europe, Middle east, and Africa; and Pacific Rim.
