Armstrong World Industries Inc (NYSE:AWI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.75 and last traded at $52.75, with a volume of 73,800 shares traded. The stock had previously closed at $52.70.
A number of equities analysts have issued reports on the company. KeyCorp restated a “hold” rating on shares of Armstrong World Industries in a report on Friday, September 22nd. Deutsche Bank AG raised their target price on Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. ValuEngine cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet upgraded Armstrong World Industries from a “c+” rating to a “b” rating in a report on Monday, July 31st. Finally, BidaskClub upgraded Armstrong World Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Armstrong World Industries currently has a consensus rating of “Hold” and a consensus target price of $46.00.
The company has a 50 day moving average price of $49.22 and a 200-day moving average price of $46.25. The firm has a market cap of $2.80 billion, a P/E ratio of 18.61 and a beta of 1.63.
Several institutional investors have recently made changes to their positions in AWI. BlackRock Inc. boosted its position in shares of Armstrong World Industries by 10,381.5% during the 1st quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock valued at $88,541,000 after purchasing an additional 1,904,378 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Armstrong World Industries during the 2nd quarter valued at about $39,704,000. Timucuan Asset Management Inc. FL bought a new stake in shares of Armstrong World Industries during the 2nd quarter valued at about $19,748,000. Iridian Asset Management LLC CT boosted its position in shares of Armstrong World Industries by 7.6% during the 2nd quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock valued at $218,531,000 after purchasing an additional 336,960 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Armstrong World Industries during the 1st quarter valued at about $13,852,000.
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.
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