Armstrong World Industries Inc (NYSE:AWI) has earned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $55.14.

A number of research firms have recently weighed in on AWI. Zacks Investment Research raised Armstrong World Industries from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Monday, November 27th. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, November 22nd. Royal Bank Of Canada lifted their price objective on Armstrong World Industries from $55.00 to $58.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 22nd. KeyCorp reaffirmed a “hold” rating on shares of Armstrong World Industries in a research report on Tuesday, October 24th. Finally, Nomura set a $65.00 price objective on Armstrong World Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st.

Armstrong World Industries (NYSE AWI) opened at $59.95 on Monday. The stock has a market capitalization of $3,170.70, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.98 and a quick ratio of 1.41. Armstrong World Industries has a 12-month low of $38.45 and a 12-month high of $60.25.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, October 30th. The construction company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $351.90 million during the quarter, compared to analysts’ expectations of $357.29 million. Armstrong World Industries had a return on equity of 46.62% and a net margin of 11.44%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. equities analysts anticipate that Armstrong World Industries will post 2.81 EPS for the current fiscal year.

Armstrong World Industries announced that its Board of Directors has initiated a stock repurchase plan on Monday, October 30th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

In other Armstrong World Industries news, SVP Ellen R. Romano sold 33,087 shares of Armstrong World Industries stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $54.68, for a total value of $1,809,197.16. Following the sale, the senior vice president now owns 14,769 shares of the company’s stock, valued at approximately $807,568.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in AWI. JPMorgan Chase & Co. increased its stake in Armstrong World Industries by 14.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock worth $106,000 after acquiring an additional 286 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Armstrong World Industries by 239.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,964 shares during the period. SG Americas Securities LLC purchased a new position in shares of Armstrong World Industries in the 2nd quarter worth approximately $149,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Armstrong World Industries by 65.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock worth $162,000 after purchasing an additional 1,391 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of Armstrong World Industries in the 3rd quarter worth approximately $193,000.

COPYRIGHT VIOLATION WARNING: “Armstrong World Industries Inc (AWI) Given Consensus Recommendation of “Hold” by Analysts” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/11/armstrong-world-industries-inc-awi-given-consensus-recommendation-of-hold-by-analysts-2.html.

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)

Receive News & Ratings for Armstrong World Industries Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries Inc and related companies with MarketBeat.com's FREE daily email newsletter.