Wealth Enhancement Advisory Services LLC Takes Position in Armstrong World Industries, Inc. (NYSE:AWI)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,235 shares of the construction company's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AWI. Twin Tree Management LP bought a new stake in Armstrong World Industries during the 4th quarter valued at $43,000. Farther Finance Advisors LLC raised its stake in Armstrong World Industries by 90.2% in the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after buying an additional 202 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Armstrong World Industries by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock valued at $80,000 after buying an additional 376 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Armstrong World Industries in the fourth quarter valued at about $114,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Armstrong World Industries by 3,217.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 929 shares of the construction company's stock valued at $131,000 after buying an additional 901 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Analysts Set New Price Targets

AWI has been the subject of a number of research analyst reports. Truist Financial increased their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Bank of America increased their price target on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Loop Capital lowered their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Stock Performance

AWI traded up $0.65 on Wednesday, reaching $151.10. 421,748 shares of the stock were exchanged, compared to its average volume of 275,862. The company's 50-day moving average price is $148.83 and its 200 day moving average price is $147.41. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10. The firm has a market capitalization of $6.56 billion, a PE ratio of 24.18, a PEG ratio of 1.90 and a beta of 1.38.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. The company had revenue of $382.70 million during the quarter, compared to analysts' expectations of $370.71 million. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. The firm's revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS. As a group, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend payout ratio (DPR) is presently 19.68%.

Armstrong World Industries 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.