Armstrong World Industries Inc (NYSE:AWI) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $57.13.
AWI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Monday, November 27th. Royal Bank of Canada reissued a “hold” rating and issued a $55.00 price target on shares of Armstrong World Industries in a research report on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $66.00 price target on shares of Armstrong World Industries in a research report on Wednesday, January 17th. SunTrust Banks reissued a “buy” rating and issued a $55.00 price target on shares of Armstrong World Industries in a research report on Wednesday, November 1st. Finally, Nomura set a $65.00 price target on shares of Armstrong World Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st.
Armstrong World Industries (NYSE:AWI) traded up $0.10 during trading hours on Friday, hitting $60.40. 593,904 shares of the stock traded hands, compared to its average volume of 431,838. The company has a market cap of $3,190.00, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.39 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 2.40 and a debt-to-equity ratio of 1.95. Armstrong World Industries has a 12 month low of $41.20 and a 12 month high of $64.60.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in Armstrong World Industries in the 4th quarter valued at $221,000. Xact Kapitalforvaltning AB purchased a new position in Armstrong World Industries during the 4th quarter worth $238,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Armstrong World Industries during the 4th quarter worth $4,687,000. Gotham Asset Management LLC purchased a new position in Armstrong World Industries during the 4th quarter worth $233,000. Finally, Jane Street Group LLC purchased a new position in Armstrong World Industries during the 4th quarter worth $332,000.
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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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