Armstrong World Industries Inc (NYSE:AWI) has received a consensus recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $44.83.

A number of analysts have weighed in on AWI shares. Zacks Investment Research cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Deutsche Bank AG boosted their target price on shares of Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $50.00 target price on shares of Armstrong World Industries in a research note on Thursday, June 15th. Finally, BidaskClub raised shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th.

A number of institutional investors and hedge funds have recently modified their holdings of AWI. JPMorgan Chase & Co. boosted its position in Armstrong World Industries by 14.1% during the second quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock valued at $106,000 after acquiring an additional 286 shares during the last quarter. Invictus RG bought a new stake in Armstrong World Industries during the first quarter valued at $117,000. Bank of Montreal Can boosted its position in Armstrong World Industries by 7.1% during the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock valued at $122,000 after acquiring an additional 175 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Armstrong World Industries by 239.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock valued at $128,000 after acquiring an additional 1,964 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Armstrong World Industries during the second quarter valued at $149,000.

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Shares of Armstrong World Industries (AWI) traded down 0.29% on Wednesday, reaching $51.25. The company’s stock had a trading volume of 231,426 shares. The company has a market cap of $2.71 billion, a PE ratio of 16.65 and a beta of 1.63. Armstrong World Industries has a 52-week low of $36.38 and a 52-week high of $51.65. The firm has a 50 day moving average of $47.27 and a 200 day moving average of $45.67.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $330.80 million for the quarter, compared to analysts’ expectations of $330.92 million. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Analysts predict that Armstrong World Industries will post $2.72 earnings per share for the current year.

About Armstrong World Industries

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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