2,235 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,235 shares of the construction company's stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Armstrong World Industries in the fourth quarter valued at about $2,326,000. Principal Securities Inc. grew its holdings in Armstrong World Industries by 11.1% during the fourth quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock valued at $389,000 after purchasing an additional 274 shares during the period. Pictet Asset Management Holding SA increased its position in Armstrong World Industries by 8.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock worth $874,000 after buying an additional 456 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Armstrong World Industries by 7.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company's stock valued at $1,069,000 after buying an additional 555 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Armstrong World Industries during the 4th quarter valued at $463,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

NYSE AWI opened at $150.88 on Friday. The company's 50 day simple moving average is $147.70 and its two-hundred day simple moving average is $147.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The stock has a market capitalization of $6.55 billion, a PE ratio of 26.61, a P/E/G ratio of 1.60 and a beta of 1.38.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.11. The firm had revenue of $382.70 million for the quarter, compared to analysts' expectations of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.308 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.82%. Armstrong World Industries's payout ratio is currently 19.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AWI. UBS Group boosted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Loop Capital dropped their price target on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group raised their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Bank of America raised their price target on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Armstrong World Industries presently has an average rating of "Hold" and an average target price of $157.57.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.

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