Armstrong World Industries Inc (NYSE:AWI) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $44.33.

A number of research firms recently issued reports on AWI. Zacks Investment Research lowered Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $50.00 target price on shares of Armstrong World Industries in a research note on Thursday, June 15th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Armstrong World Industries by 83.2% in the fourth quarter. FMR LLC now owns 838,773 shares of the construction company’s stock valued at $35,061,000 after buying an additional 380,903 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Armstrong World Industries by 215.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,568 shares of the construction company’s stock valued at $317,000 after buying an additional 5,171 shares during the period. Franklin Resources Inc. raised its position in shares of Armstrong World Industries by 9.8% in the fourth quarter. Franklin Resources Inc. now owns 106,787 shares of the construction company’s stock valued at $4,464,000 after buying an additional 9,512 shares during the period. Two Sigma Investments LP purchased a new position in shares of Armstrong World Industries during the fourth quarter valued at $1,837,000. Finally, Norges Bank purchased a new position in shares of Armstrong World Industries during the fourth quarter valued at $7,951,000.

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Armstrong World Industries (NYSE AWI) opened at 45.50 on Friday. The company’s 50-day moving average price is $44.04 and its 200-day moving average price is $43.52. The stock has a market cap of $2.42 billion, a P/E ratio of 17.45 and a beta of 1.63. Armstrong World Industries has a 12 month low of $36.38 and a 12 month high of $48.00.

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