Armstrong World Industries Inc (AWI) Sees Large Volume Increase

Armstrong World Industries Inc (NYSE:AWI) saw unusually-strong trading volume on Thursday . Approximately 753,486 shares traded hands during mid-day trading, an increase of 84% from the previous session’s volume of 410,198 shares.The stock last traded at $53.85 and had previously closed at $52.85.

A number of research analysts recently issued reports on AWI shares. BidaskClub lowered Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Deutsche Bank AG lifted their target price on Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a report on Friday, September 22nd. TheStreet upgraded Armstrong World Industries from a “c+” rating to a “b” rating in a report on Monday, July 31st. Finally, ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $46.00.

The stock has a 50 day moving average price of $49.40 and a 200 day moving average price of $46.30. The firm has a market capitalization of $2.85 billion, a P/E ratio of 17.49 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts predict that Armstrong World Industries Inc will post $2.73 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Armstrong World Industries by 14.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock valued at $106,000 after buying an additional 286 shares during the last quarter. Invictus RG purchased a new position in Armstrong World Industries in the 1st quarter valued at about $117,000. Oppenheimer Asset Management Inc. boosted its position in Armstrong World Industries by 239.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock valued at $128,000 after buying an additional 1,964 shares during the last quarter. SG Americas Securities LLC purchased a new position in Armstrong World Industries in the 2nd quarter valued at about $149,000. Finally, BNP Paribas Arbitrage SA boosted its position in Armstrong World Industries by 65.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock valued at $162,000 after buying an additional 1,391 shares during the last quarter.

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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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