Armstrong World Industries Inc (NYSE:AWI)‘s stock had its “hold” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Tuesday.

AWI has been the subject of several other research reports. Citigroup Inc. lifted their price objective on shares of Armstrong World Industries from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday. BidaskClub lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet raised shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG lifted their price objective on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Armstrong World Industries has a consensus rating of “Hold” and a consensus price target of $48.00.

Shares of Armstrong World Industries (NYSE AWI) traded up 0.19% on Tuesday, hitting $53.90. The company had a trading volume of 306,802 shares. The company has a 50 day moving average of $51.08 and a 200-day moving average of $46.86. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 17.51 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.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company 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 company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. On average, analysts forecast that Armstrong World Industries will post $2.73 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Iridian Asset Management LLC CT raised its holdings in Armstrong World Industries by 7.6% in the 2nd quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock worth $218,531,000 after acquiring an additional 336,960 shares during the period. Vanguard Group Inc. raised its holdings in Armstrong World Industries by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,491,622 shares of the construction company’s stock worth $160,614,000 after acquiring an additional 51,135 shares during the period. BlackRock Inc. raised its holdings in Armstrong World Industries by 10,381.5% in the 1st quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock worth $88,541,000 after acquiring an additional 1,904,378 shares during the period. Fiduciary Management Inc. WI raised its holdings in Armstrong World Industries by 0.3% in the 2nd quarter. Fiduciary Management Inc. WI now owns 1,880,684 shares of the construction company’s stock worth $86,511,000 after acquiring an additional 4,943 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in Armstrong World Industries by 5.8% in the 4th quarter. Maverick Capital Ltd. now owns 1,864,907 shares of the construction company’s stock worth $85,282,000 after acquiring an additional 102,451 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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