Armstrong World Industries Inc (NYSE:AWI) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $44.00.

AWI has been the topic of a number of recent analyst reports. Instinet lifted their target price on Armstrong World Industries from $20.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 17th. Nomura initiated coverage on Armstrong World Industries in a research note on Wednesday, April 12th. They issued a “buy” rating and a $55.00 price objective on the stock. Royal Bank of Canada restated a “hold” rating and issued a $50.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, February 28th. Finally, Zacks Investment Research upgraded Armstrong World Industries from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, April 24th.

Armstrong World Industries (NYSE:AWI) opened at 43.20 on Tuesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 16.56 and a beta of 1.38. Armstrong World Industries has a 1-year low of $36.33 and a 1-year high of $48.00. The company has a 50 day moving average of $45.49 and a 200 day moving average of $42.95.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Monday, May 1st. The construction company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $315.40 million for the quarter, compared to the consensus estimate of $298.69 million. Armstrong World Industries had a return on equity of 22.79% and a net margin of 3.55%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Armstrong World Industries will post $2.69 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC boosted its stake in shares of Armstrong World Industries by 3.6% in the third quarter. BlackRock Advisors LLC now owns 27,058 shares of the construction company’s stock worth $1,118,000 after buying an additional 950 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Armstrong World Industries by 127.4% in the third quarter. TIAA CREF Investment Management LLC now owns 143,950 shares of the construction company’s stock worth $5,948,000 after buying an additional 80,645 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Armstrong World Industries by 5.6% in the third quarter. Rhumbline Advisers now owns 36,162 shares of the construction company’s stock worth $1,494,000 after buying an additional 1,914 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Armstrong World Industries during the third quarter worth about $5,913,000. Finally, California State Teachers Retirement System boosted its stake in shares of Armstrong World Industries by 1.1% in the third quarter. California State Teachers Retirement System now owns 101,974 shares of the construction company’s stock worth $4,214,000 after buying an additional 1,100 shares in the last quarter.

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.

12 Month Chart for NYSE:AWI

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