Armstrong World Industries Inc (NYSE:AWI) shares reached a new 52-week high on Monday . The company traded as high as $50.20 and last traded at $50.20, with a volume of 155,719 shares trading hands. The stock had previously closed at $49.85.

A number of research firms recently weighed in on AWI. Zacks Investment Research upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Thursday, June 8th. BidaskClub cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $50.00 price target on shares of Armstrong World Industries in a report on Tuesday, August 29th. Finally, TheStreet upgraded shares of Armstrong World Industries from a “c+” rating to a “b” rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $45.43.

The firm has a market cap of $2.66 billion, a PE ratio of 16.32 and a beta of 1.63. The firm has a 50 day moving average price of $47.27 and a 200-day moving average price of $45.67.

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 Zacks’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The business had revenue of $330.80 million during the quarter, compared to the consensus estimate of $330.92 million. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that Armstrong World Industries Inc will post $2.72 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in AWI. BlackRock Inc. increased its stake in shares of Armstrong World Industries by 10,381.5% during the first quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock valued at $88,541,000 after purchasing an additional 1,904,378 shares in the last quarter. River Road Asset Management LLC bought a new position in shares of Armstrong World Industries during the second quarter valued at approximately $39,704,000. Timucuan Asset Management Inc. FL bought a new position in shares of Armstrong World Industries during the second quarter valued at approximately $19,748,000. Iridian Asset Management LLC CT increased its stake in shares of Armstrong World Industries by 7.6% during the second quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock valued at $218,531,000 after purchasing an additional 336,960 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Armstrong World Industries during the first quarter valued at approximately $13,852,000.

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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.

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