BidaskClub downgraded shares of Armstrong World Industries Inc (NYSE:AWI) from a hold rating to a sell rating in a report published on Thursday.

Other research analysts have also issued reports about the stock. Nomura assumed coverage on shares of Armstrong World Industries in a research note on Wednesday, April 12th. They set a buy rating and a $55.00 price objective for the company. Zacks Investment Research raised shares of Armstrong World Industries from a hold rating to a buy rating and set a $49.00 price objective for the company in a research note on Thursday, June 22nd. Instinet lifted their price objective on shares of Armstrong World Industries from $20.00 to $26.00 and gave the stock an outperform rating in a research note on Monday, April 17th. Finally, Royal Bank Of Canada reaffirmed a sector perform rating and set a $50.00 price objective on shares of Armstrong World Industries in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $45.00.

Shares of Armstrong World Industries (NYSE AWI) opened at 44.50 on Thursday. Armstrong World Industries has a 12-month low of $36.38 and a 12-month high of $48.00. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 17.06 and a beta of 1.63. The company’s 50-day moving average is $44.93 and its 200-day moving average is $43.91.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, May 1st. The construction company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by $0.01. The firm had revenue of $315.40 million for the quarter, compared to analysts’ expectations of $298.69 million. Armstrong World Industries had a return on equity of 51.25% and a net margin of 11.48%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Analysts predict that Armstrong World Industries will post $2.68 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in AWI. Bank of Montreal Can increased its stake in Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock valued at $122,000 after buying an additional 175 shares during the period. Amalgamated Bank increased its stake in Armstrong World Industries by 3.2% in the first quarter. Amalgamated Bank now owns 6,666 shares of the construction company’s stock valued at $307,000 after buying an additional 204 shares during the period. Emory University increased its stake in Armstrong World Industries by 0.6% in the first quarter. Emory University now owns 40,276 shares of the construction company’s stock valued at $1,855,000 after buying an additional 247 shares during the period. NGAM Advisors L.P. increased its stake in Armstrong World Industries by 0.5% in the second quarter. NGAM Advisors L.P. now owns 146,444 shares of the construction company’s stock valued at $6,737,000 after buying an additional 754 shares during the period. Finally, Swiss National Bank increased its stake in Armstrong World Industries by 1.3% in the first quarter. Swiss National Bank now owns 68,400 shares of the construction company’s stock valued at $3,150,000 after buying an additional 900 shares during the period.

Armstrong World Industries Company Profile

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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