Armstrong World Industries Inc. (NYSE:AWI)’s share price gapped up prior to trading 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 research analysts have commented on the company. Barclays PLC reissued an “underweight” rating and set a $39.00 price target (down from $45.00) on shares of Armstrong World Industries in a report on Tuesday, May 10th. Piper Jaffray Cos. assumed coverage on Armstrong World Industries in a report on Monday, May 16th. They set a “neutral” rating and a $45.00 price target on the stock. Zacks Investment Research raised Armstrong World Industries from a “sell” rating to a “hold” rating in a report on Friday, April 15th. Royal Bank Of Canada raised their price target on Armstrong World Industries from $41.00 to $44.00 in a report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a report on Monday, May 16th. They set a “neutral” rating and a $45.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.40.

The company has a market capitalization of $2.18 billion and a P/E ratio of 58.58. The company has a 50-day moving average of $39.98 and a 200-day moving average of $41.18.

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

Several institutional investors have recently bought and sold shares of AWI. Engineers Gate Manager LP purchased a new position in Armstrong World Industries during the fourth quarter worth $1,361,000. Rhumbline Advisers raised its position in Armstrong World Industries by 1.1% in the fourth quarter. Rhumbline Advisers now owns 32,386 shares of the company’s stock worth $1,481,000 after buying an additional 367 shares in the last quarter. ING Groep purchased a new position in Armstrong World Industries during the third quarter worth $2,943,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in 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. Finally, California Public Employees Retirement System raised its position in Armstrong World Industries by 9.1% in the fourth quarter. California Public Employees Retirement System now owns 217,600 shares of the company’s stock worth $9,951,000 after buying an additional 18,100 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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