Royal Bank Of Canada reiterated their sector perform rating on shares of Armstrong World Industries Inc (NYSE:AWI) in a report published on Thursday morning. Royal Bank Of Canada currently has a $50.00 price objective on the construction company’s stock.

Several other research analysts have also recently weighed in on AWI. Nomura initiated coverage on shares of Armstrong World Industries in a research report on Wednesday, April 12th. They issued a buy rating and a $55.00 price objective on the stock. Instinet restated a buy rating and issued a $55.00 price objective on shares of Armstrong World Industries in a research report on Friday, April 14th. Finally, Zacks Investment Research upgraded shares of Armstrong World Industries from a hold rating to a buy rating and set a $52.00 price objective on the stock in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $43.75.

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

Armstrong World Industries (NYSE AWI) opened at 44.65 on Thursday. The company has a market capitalization of $2.38 billion, a PE ratio of 17.12 and a beta of 1.65. Armstrong World Industries has a 12 month low of $36.33 and a 12 month high of $48.00. The firm’s 50-day moving average is $44.35 and its 200-day moving average is $43.43.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, May 1st. The construction company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $315.40 million during the quarter, compared to the consensus estimate of $298.69 million. Armstrong World Industries had a return on equity of 51.25% and a net margin of 11.48%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. Equities analysts anticipate that Armstrong World Industries will post $2.68 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Invictus RG acquired a new position in shares of Armstrong World Industries during the first quarter worth approximately $117,000. Bank of Montreal Can boosted its position in shares of Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock worth $122,000 after buying an additional 175 shares during the last quarter. Cipher Capital LP acquired a new position in shares of Armstrong World Industries during the first quarter worth approximately $205,000. Fox Run Management L.L.C. acquired a new position in shares of Armstrong World Industries during the first quarter worth approximately $215,000. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Armstrong World Industries during the first quarter worth approximately $230,000.

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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