Armstrong World Industries (NYSE:AWI) was upgraded by equities research analysts at Exane BNP Paribas from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.

Other analysts have also recently issued reports about the company. Credit Suisse Group started coverage on Armstrong World Industries in a research report on Wednesday, May 27th. They set an “outperform” rating and a $88.00 price target for the company. BNP Paribas raised Armstrong World Industries from a “neutral” rating to an “outperform” rating and set a $86.50 target price on the stock in a research note on Tuesday. Loop Capital raised Armstrong World Industries from a “sell” rating to a “hold” rating and decreased their target price for the company from $95.00 to $83.00 in a research report on Tuesday, March 17th. SunTrust Banks decreased their price objective on Armstrong World Industries from $100.00 to $95.00 in a research report on Tuesday, April 28th. Finally, TheStreet cut Armstrong World Industries from a “b” rating to a “c” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Armstrong World Industries currently has a consensus rating of “Buy” and a consensus price target of $97.95.

Shares of Armstrong World Industries stock traded up $2.30 on Tuesday, reaching $76.68. The company’s stock had a trading volume of 3,135 shares, compared to its average volume of 466,613. The company has a market capitalization of $3.43 billion, a P/E ratio of -65.03, a PEG ratio of 5.00 and a beta of 1.21. Armstrong World Industries has a 52-week low of $62.03 and a 52-week high of $111.46. The stock has a 50-day moving average price of $74.70 and a 200-day moving average price of $87.17. The company has a quick ratio of 1.63, a current ratio of 2.03 and a debt-to-equity ratio of 1.83.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). Armstrong World Industries had a negative net margin of 4.86% and a positive return on equity of 71.34%. The business had revenue of $248.70 million during the quarter, compared to analysts’ expectations of $250.69 million. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Armstrong World Industries will post 4.02 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can acquired a new position in shares of Armstrong World Industries in the fourth quarter worth $1,058,000. Geode Capital Management LLC increased its stake in shares of Armstrong World Industries by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 507,989 shares of the construction company’s stock worth $47,735,000 after acquiring an additional 23,248 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Armstrong World Industries by 5.0% in the first quarter. Wellington Management Group LLP now owns 270,982 shares of the construction company’s stock worth $21,522,000 after acquiring an additional 12,941 shares during the last quarter. Swiss National Bank increased its stake in shares of Armstrong World Industries by 0.9% in the first quarter. Swiss National Bank now owns 89,300 shares of the construction company’s stock worth $7,092,000 after acquiring an additional 800 shares during the last quarter. Finally, Arizona State Retirement System bought a new stake in Armstrong World Industries in the first quarter worth $859,000. Institutional investors and hedge funds own 99.64% 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 in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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The Fly

Analyst Recommendations for Armstrong World Industries (NYSE:AWI)

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