Nomura set a $65.00 price target on Armstrong World Industries Inc (NYSE:AWI) in a research note published on Tuesday. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities research analysts have also recently weighed in on the stock. TheStreet raised shares of Armstrong World Industries from a c+ rating to a b rating in a research report on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $55.00 price target on shares of Armstrong World Industries in a research report on Wednesday, November 1st. Deutsche Bank AG upped their price target on shares of Armstrong World Industries from $52.00 to $53.00 and gave the stock a buy rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a hold rating and issued a $55.00 price target on shares of Armstrong World Industries in a research report on Wednesday, November 15th. Finally, BidaskClub raised shares of Armstrong World Industries from a sell rating to a hold rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $53.67.

Shares of Armstrong World Industries (NYSE:AWI) opened at $53.95 on Tuesday. The stock has a market cap of $2,848.06, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.73. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.98 and a quick ratio of 1.41. Armstrong World Industries has a 52-week low of $38.45 and a 52-week high of $55.15.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $351.90 million during the quarter, compared to analysts’ expectations of $357.29 million. Armstrong World Industries had a net margin of 11.44% and a return on equity of 46.62%. Armstrong World Industries’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. equities research analysts anticipate that Armstrong World Industries will post 2.84 earnings per share for the current year.

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Armstrong World Industries announced that its board has authorized a share buyback program on Monday, October 30th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Armstrong World Industries by 14.1% during the second quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock worth $106,000 after buying an additional 286 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in 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 worth $128,000 after buying an additional 1,964 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Armstrong World Industries during the second quarter worth $149,000. BNP Paribas Arbitrage SA boosted its holdings in Armstrong World Industries by 65.3% during the second quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock worth $162,000 after buying an additional 1,391 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Armstrong World Industries during the third quarter worth $193,000.

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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