KeyCorp reissued their hold rating on shares of Armstrong World Industries Inc (NYSE:AWI) in a research report report published on Friday.

AWI has been the subject of several other research reports. BidaskClub cut Armstrong World Industries from a hold rating to a sell rating in a research note on Thursday, July 27th. Deutsche Bank AG raised their target price on Armstrong World Industries from $52.00 to $53.00 and gave the company a buy rating in a research note on Wednesday, August 2nd. TheStreet raised Armstrong World Industries from a c+ rating to a b rating in a research note on Monday, July 31st. Zacks Investment Research cut Armstrong World Industries from a buy rating to a hold rating in a research note on Thursday, June 15th. Finally, ValuEngine raised Armstrong World Industries from a hold rating to a buy rating in a research note on Thursday, July 6th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Armstrong World Industries presently has an average rating of Hold and an average target price of $45.43.

Shares of Armstrong World Industries (AWI) opened at 49.85 on Friday. Armstrong World Industries has a 12-month low of $36.38 and a 12-month high of $50.15. The firm has a 50-day moving average price of $47.27 and a 200-day moving average price of $45.67. The firm has a market cap of $2.64 billion, a P/E ratio of 16.19 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The business had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. During the same quarter last year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Armstrong World Industries will post $2.72 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Armstrong World Industries by 14.1% during the second quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock valued at $106,000 after purchasing an additional 286 shares during the last quarter. Invictus RG purchased a new stake in shares of Armstrong World Industries during the first quarter valued at $117,000. Bank of Montreal Can lifted its holdings in shares of Armstrong World Industries by 7.1% during the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock valued at $122,000 after purchasing an additional 175 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Armstrong World Industries by 239.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock valued at $128,000 after purchasing an additional 1,964 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Armstrong World Industries during the second quarter valued at $149,000.

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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