Armstrong World Industries Inc (AWI) Rating Reiterated by Instinet

Instinet reaffirmed their buy rating on shares of Armstrong World Industries Inc (NYSE:AWI) in a research note published on Friday, April 14th. They currently have a $55.00 price target on the construction company’s stock.

Other analysts also recently issued research reports about the company. Nomura began coverage on Armstrong World Industries in a research note on Wednesday, April 12th. They issued a buy rating and a $55.00 price target on the stock. Royal Bank of Canada reissued a hold rating and issued a $50.00 price target on shares of Armstrong World Industries in a research note on Tuesday, February 28th. Finally, Macquarie reissued a neutral rating on shares of Armstrong World Industries in a research note on Friday, December 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Armstrong World Industries has a consensus rating of Hold and an average target price of $44.00.

Shares of Armstrong World Industries (NYSE:AWI) traded down 0.221% during midday trading on Friday, hitting $42.905. The stock had a trading volume of 286,794 shares. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 16.451 and a beta of 1.38. Armstrong World Industries has a 52 week low of $36.33 and a 52 week high of $48.00. The stock has a 50 day moving average price of $45.64 and a 200-day moving average price of $42.78.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, May 1st. The construction company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business had revenue of $315.40 million for the quarter, compared to analyst estimates of $298.69 million. Armstrong World Industries had a return on equity of 22.79% and a net margin of 3.55%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Equities research analysts anticipate that Armstrong World Industries will post $2.69 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. Iridian Asset Management LLC CT boosted its stake in shares of Armstrong World Industries by 20.4% in the first quarter. Iridian Asset Management LLC CT now owns 4,413,715 shares of the construction company’s stock worth $203,252,000 after buying an additional 746,618 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Armstrong World Industries by 5.1% in the first quarter. Vanguard Group Inc. now owns 3,440,487 shares of the construction company’s stock worth $158,435,000 after buying an additional 165,841 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Armstrong World Industries by 10,381.5% in the first quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock worth $88,541,000 after buying an additional 1,904,378 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Armstrong World Industries by 6.5% in the first quarter. Fiduciary Management Inc. WI now owns 1,875,741 shares of the construction company’s stock worth $86,378,000 after buying an additional 114,960 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Armstrong World Industries by 1.5% in the third quarter. Principal Financial Group Inc. now owns 1,677,100 shares of the construction company’s stock worth $69,297,000 after buying an additional 24,586 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.

5 Day Chart for NYSE:AWI

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