Armstrong World Industries Inc (NYSE:AWI) has received an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $50.33.

Several equities research analysts have recently weighed in on AWI shares. TheStreet raised shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. reissued a “buy” rating and issued a $55.00 target price on shares of Armstrong World Industries in a research note on Wednesday, November 1st. Deutsche Bank AG increased their target price on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $55.00 target price on shares of Armstrong World Industries in a research note on Wednesday. Finally, BidaskClub raised shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dean Investment Associates LLC bought a new position in shares of Armstrong World Industries in the third quarter worth about $3,267,000. Fiduciary Management Inc. WI grew its holdings in shares of Armstrong World Industries by 10.2% in the third quarter. Fiduciary Management Inc. WI now owns 2,071,579 shares of the construction company’s stock worth $106,168,000 after purchasing an additional 190,895 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Armstrong World Industries by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,247,094 shares of the construction company’s stock worth $63,914,000 after purchasing an additional 22,833 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Armstrong World Industries by 13.4% in the third quarter. Wells Fargo & Company MN now owns 36,353 shares of the construction company’s stock worth $1,863,000 after purchasing an additional 4,305 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Armstrong World Industries by 3.5% in the third quarter. Legal & General Group Plc now owns 63,868 shares of the construction company’s stock worth $3,275,000 after purchasing an additional 2,130 shares during the last quarter.

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Shares of Armstrong World Industries (NYSE AWI) opened at $50.05 on Thursday. The stock has a market cap of $2,673.53, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.50 and a beta of 1.73. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.41 and a current ratio of 1.98. Armstrong World Industries has a 12 month low of $38.45 and a 12 month high of $54.45.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, October 30th. The construction company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). Armstrong World Industries had a net margin of 11.44% and a return on equity of 46.62%. The firm had revenue of $351.90 million during the quarter, compared to analysts’ expectations of $357.29 million. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. equities analysts forecast that Armstrong World Industries will post 2.84 EPS for the current year.

Armstrong World Industries declared that its board has approved a share buyback program on Monday, October 30th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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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