Shares of Armstrong World Industries Inc (NYSE:AWI) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $44.83.

AWI has been the subject of a number of research analyst reports. Instinet upped their price objective on shares of Armstrong World Industries from $20.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 17th. Nomura initiated coverage on shares of Armstrong World Industries in a research report 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 $52.00 price objective for the company in a research report on Monday, April 24th. 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 report on Thursday, June 15th. Finally, ValuEngine raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th.

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Shares of Armstrong World Industries (NYSE AWI) opened at 47.35 on Tuesday. The stock’s 50 day moving average price is $45.18 and its 200-day moving average price is $44.12. Armstrong World Industries has a 12 month low of $36.38 and a 12 month high of $49.55. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 15.38 and a beta of 1.65.

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

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Armstrong World Industries during the fourth quarter worth $7,951,000. Teachers Advisors LLC boosted its stake in Armstrong World Industries by 7.1% in the fourth quarter. Teachers Advisors LLC now owns 47,003 shares of the construction company’s stock worth $1,965,000 after buying an additional 3,110 shares during the last quarter. Bank of Montreal Can boosted 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 worth $122,000 after buying an additional 175 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Armstrong World Industries during the first quarter worth $215,000. Finally, First Midwest Bank Trust Division acquired a new stake in Armstrong World Industries during the first quarter worth $1,560,000.

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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