Armstrong World Industries Inc. (NYSE:AWI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $38.10, but opened at $38.21. Armstrong World Industries shares last traded at $38.48, with a volume of 218,457 shares.

A number of equities analysts have issued reports on AWI shares. Royal Bank Of Canada increased their price target on Armstrong World Industries from $41.00 to $44.00 in a research report on Tuesday, April 12th. Barclays PLC reissued an “underweight” rating and set a $39.00 target price (down previously from $45.00) on shares of Armstrong World Industries in a report on Tuesday, May 10th. Citigroup Inc. increased their target price on Armstrong World Industries from $36.40 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 16th. Piper Jaffray Cos. started coverage on Armstrong World Industries in a report on Monday, May 16th. They set a “neutral” rating and a $45.00 target price for the company. Finally, Zacks Investment Research raised Armstrong World Industries from a “sell” rating to a “hold” rating in a report on Friday, April 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Armstrong World Industries presently has an average rating of “Hold” and a consensus target price of $50.40.

The firm has a market capitalization of $2.14 billion and a P/E ratio of 57.44. The stock has a 50 day moving average of $40.00 and a 200-day moving average of $41.22.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The business earned $571.80 million during the quarter, compared to analysts’ expectations of $562.43 million. During the same period in the prior year, the firm posted $0.35 EPS. Armstrong World Industries’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that Armstrong World Industries Inc. will post $2.24 EPS for the current year.

A number of large investors have made changes to their positions in AWI. Dimensional Fund Advisors LP raised its stake in shares of Armstrong World Industries by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the company’s stock worth $50,732,000 after buying an additional 64,633 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Armstrong World Industries by 1,187.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 515,000 shares of the company’s stock worth $23,551,000 after buying an additional 475,000 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Armstrong World Industries by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,441,474 shares of the company’s stock worth $65,918,000 after buying an additional 29,111 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Armstrong World Industries by 503.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 287,524 shares of the company’s stock worth $13,148,000 after buying an additional 239,913 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Armstrong World Industries by 47.0% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 123,900 shares of the company’s stock worth $5,666,000 after buying an additional 39,600 shares in the last quarter.

Armstrong World Industries, Inc is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Company operates in four segments: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which designs, manufactures, sources and sells a range of floor coverings primarily for homes and commercial and institutional buildings; Wood Flooring segment, which designs, manufactures, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices, and Unallocated Corporate.

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