Shares of Armstrong World Industries Inc (NYSE:AWI) have received an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $73.14.
AWI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 price target on shares of Armstrong World Industries in a research note on Friday, November 2nd. SunTrust Banks reiterated a “positive” rating and issued a $85.00 price target on shares of Armstrong World Industries in a research note on Friday, November 9th. Nomura set a $72.00 price target on shares of Armstrong World Industries and gave the stock a “buy” rating in a research note on Monday, December 17th. Finally, Bank of America upgraded shares of Armstrong World Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $63.00 to $75.00 in a research note on Monday, November 12th.
Armstrong World Industries stock traded up $1.23 during trading on Friday, reaching $68.82. The stock had a trading volume of 25,376 shares, compared to its average volume of 337,250. Armstrong World Industries has a 52-week low of $54.34 and a 52-week high of $73.45. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $3.37 billion, a P/E ratio of 22.76, a P/E/G ratio of 0.92 and a beta of 1.77.
Large investors have recently modified their holdings of the company. Csenge Advisory Group purchased a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $368,000. Chicago Equity Partners LLC purchased a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $665,000. Franklin Resources Inc. lifted its position in shares of Armstrong World Industries by 16.0% during the 3rd quarter. Franklin Resources Inc. now owns 51,188 shares of the construction company’s stock worth $3,562,000 after buying an additional 7,042 shares during the last quarter. Equitable Trust Co. purchased a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $7,589,000. Finally, Federated Investors Inc. PA purchased a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $1,186,000. Institutional investors and hedge funds own 97.00% of the company’s stock.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.
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