Dynamic Advisor Solutions LLC Purchases 3,200 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Dynamic Advisor Solutions LLC boosted its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 194.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,848 shares of the construction company's stock after acquiring an additional 3,200 shares during the period. Dynamic Advisor Solutions LLC's holdings in Armstrong World Industries were worth $683,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of Armstrong World Industries in the 4th quarter worth approximately $211,000. Van ECK Associates Corp lifted its stake in Armstrong World Industries by 34.5% in the fourth quarter. Van ECK Associates Corp now owns 39,735 shares of the construction company's stock worth $5,616,000 after acquiring an additional 10,192 shares during the period. Blue Trust Inc. lifted its stake in Armstrong World Industries by 6.7% in the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock worth $215,000 after acquiring an additional 95 shares during the period. Principal Securities Inc. boosted its holdings in Armstrong World Industries by 11.1% in the fourth quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock valued at $389,000 after acquiring an additional 274 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Armstrong World Industries by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 211,741 shares of the construction company's stock valued at $29,925,000 after purchasing an additional 5,565 shares during the period. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Up 0.4%

AWI traded up $0.65 during midday trading on Thursday, reaching $151.10. The company's stock had a trading volume of 421,748 shares, compared to its average volume of 275,862. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The stock's 50-day moving average is $148.83 and its 200-day moving average is $147.41. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.90 and a beta of 1.38. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.67.

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 firm had revenue of $382.70 million for 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%. During the same period in the previous year, the firm posted $1.38 EPS. The business's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on AWI shares. Loop Capital decreased their price objective on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group lifted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Bank of America upped their target price on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their target price 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $157.57.

About Armstrong World Industries

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.