Dynamic Advisor Solutions LLC Grows Position in Armstrong World Industries, Inc. (NYSE:AWI)

Dynamic Advisor Solutions LLC boosted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 194.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,848 shares of the construction company's stock after buying an additional 3,200 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Armstrong World Industries were worth $683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in Armstrong World Industries during the 4th quarter valued at about $43,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Armstrong World Industries by 652.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares in the last quarter. Versant Capital Management Inc bought a new stake in Armstrong World Industries during the 1st quarter valued at about $54,000. Farther Finance Advisors LLC lifted its holdings in Armstrong World Industries by 90.2% during the 4th 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Armstrong World Industries by 196.9% during the 4th 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 in the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Up 0.5%

Shares of NYSE:AWI traded up $0.68 during trading hours on Friday, hitting $152.01. The company's stock had a trading volume of 423,787 shares, compared to its average volume of 274,501. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 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 company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.92 and a beta of 1.38. The firm's fifty day moving average price is $149.54 and its 200 day moving average price is $147.21.

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

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AWI. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Truist Financial lifted their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Bank of America boosted their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group boosted their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, Loop Capital reduced their price target 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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.