Shares of Armstrong World Industries Inc (NYSE:AWI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $64.15 and last traded at $63.80, with a volume of 338700 shares. The stock had previously closed at $63.55.

Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Nomura set a $65.00 price objective on shares of Armstrong World Industries and gave the stock a “buy” rating in a report on Tuesday, November 21st. KeyCorp reaffirmed a “hold” rating on shares of Armstrong World Industries in a report on Friday, September 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price objective on shares of Armstrong World Industries in a report on Wednesday, November 22nd. Finally, Jefferies Group assumed coverage on shares of Armstrong World Industries in a report on Tuesday, December 12th. They set a “hold” rating and a $62.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.00.

The company has a debt-to-equity ratio of 2.25, a current ratio of 1.98 and a quick ratio of 1.41. The firm has a market cap of $3,410.00, a price-to-earnings ratio of 23.98, a PEG ratio of 1.75 and a beta of 1.78.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, October 30th. The construction company reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The firm had revenue of $351.90 million for the quarter, compared to the consensus estimate of $357.29 million. Armstrong World Industries had a return on equity of 46.62% and a net margin of 11.44%. Armstrong World Industries’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. sell-side analysts predict that Armstrong World Industries Inc will post 2.85 EPS for the current fiscal year.

Armstrong World Industries declared that its board has approved a stock buyback plan on Monday, October 30th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, SVP Ellen R. Romano sold 33,087 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $54.68, for a total transaction of $1,809,197.16. Following the completion of the transaction, the senior vice president now directly owns 14,769 shares in the company, valued at approximately $807,568.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in AWI. Schwab Charles Investment Management Inc. raised its stake in Armstrong World Industries by 97.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 355,648 shares of the construction company’s stock valued at $16,360,000 after purchasing an additional 175,944 shares during the last quarter. First Trust Advisors LP acquired a new position in Armstrong World Industries during the 2nd quarter valued at $357,000. Rhumbline Advisers raised its stake in Armstrong World Industries by 8.7% during the 2nd quarter. Rhumbline Advisers now owns 48,574 shares of the construction company’s stock valued at $2,234,000 after purchasing an additional 3,877 shares during the last quarter. SG Americas Securities LLC acquired a new position in Armstrong World Industries during the 2nd quarter valued at $149,000. Finally, BNP Paribas Arbitrage SA raised its stake in Armstrong World Industries by 65.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock valued at $162,000 after purchasing 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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