Armstrong World Industries Inc (NYSE:AWI) Rating Reiterated by Royal Bank Of Canada

Armstrong World Industries Inc (NYSE:AWI)‘s stock had its “hold” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Tuesday, August 29th. They presently have a $50.00 price target on the construction company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.41% from the stock’s current price.

A number of other analysts also recently issued reports on AWI. BidaskClub downgraded Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Deutsche Bank AG lifted 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. TheStreet upgraded Armstrong World Industries from a “c+” rating to a “b” rating in a report on Monday, July 31st. ValuEngine cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Armstrong World Industries has a consensus rating of “Hold” and a consensus target price of $45.43.

Armstrong World Industries (NYSE AWI) traded up 1.36% on Tuesday, hitting $48.35. 873,467 shares of the stock traded hands. Armstrong World Industries has a 1-year low of $36.38 and a 1-year high of $50.15. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 15.70 and a beta of 1.63. The stock has a 50-day moving average price of $47.15 and a 200 day moving average price of $45.67.

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 the consensus estimate of $0.69 by $0.04. The company had revenue of $330.80 million for 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. On average, analysts anticipate that Armstrong World Industries will post $2.72 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Iridian Asset Management LLC CT increased its position in 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 buying an additional 336,960 shares in the last quarter. Vanguard Group Inc. increased its position in Armstrong World Industries by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,491,622 shares of the construction company’s stock valued at $160,614,000 after buying an additional 51,135 shares in the last quarter. BlackRock Inc. increased its position in 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 buying an additional 1,904,378 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Armstrong World Industries by 0.3% during the 2nd quarter. Fiduciary Management Inc. WI now owns 1,880,684 shares of the construction company’s stock valued at $86,511,000 after buying an additional 4,943 shares in the last quarter. Finally, Tiger Global Management LLC increased its position in Armstrong World Industries by 8.2% during the 2nd quarter. Tiger Global Management LLC now owns 1,779,431 shares of the construction company’s stock valued at $81,854,000 after buying an additional 134,431 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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