Armstrong World Industries Inc (NYSE:AWI) had its target price increased by research analysts at Citigroup Inc. from $52.00 to $58.00 in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the construction company’s stock. Citigroup Inc.’s price objective indicates a potential upside of 8.31% from the company’s previous close.

A number of other brokerages also recently commented on AWI. Zacks Investment Research downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Deutsche Bank AG upped their price objective on Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub upgraded Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, KeyCorp restated a “hold” rating on shares of Armstrong World Industries in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.00.

Shares of Armstrong World Industries (NYSE:AWI) traded up 0.09% during midday trading on Friday, hitting $53.55. The company had a trading volume of 350,363 shares. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 17.39 and a beta of 1.63. Armstrong World Industries has a 12 month low of $36.38 and a 12 month high of $54.45. The stock’s 50-day moving average price is $50.83 and its 200-day moving average price is $46.70.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, July 31st. The construction company reported $0.73 EPS 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 the consensus estimate of $330.92 million. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. On average, equities research analysts forecast that Armstrong World Industries will post $2.73 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in AWI. UBS Asset Management Americas Inc. grew its stake in shares of Armstrong World Industries by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 36,461 shares of the construction company’s stock worth $1,679,000 after purchasing an additional 4,247 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Armstrong World Industries in the first quarter worth $444,000. Ameriprise Financial Inc. grew its stake in shares of Armstrong World Industries by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 145,348 shares of the construction company’s stock worth $6,694,000 after purchasing an additional 3,340 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Armstrong World Industries by 4.9% in the first quarter. Alliancebernstein L.P. now owns 26,705 shares of the construction company’s stock worth $1,230,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Armstrong World Industries by 5.2% in the first quarter. Teachers Advisors LLC now owns 49,445 shares of the construction company’s stock worth $2,277,000 after purchasing an additional 2,442 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.

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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