Dynamic Advisor Solutions LLC Acquires New Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Dynamic Advisor Solutions LLC bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,648 shares of the construction company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in Armstrong World Industries by 639.8% in the 4th quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company’s stock valued at $1,022,000 after acquiring an additional 6,251 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Armstrong World Industries by 10.9% in the fourth quarter. Ballentine Partners LLC now owns 1,918 shares of the construction company’s stock worth $271,000 after purchasing an additional 188 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Armstrong World Industries by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 8,087 shares of the construction company’s stock worth $1,143,000 after purchasing an additional 1,441 shares during the last quarter. Tealwood Asset Management Inc. grew its position in Armstrong World Industries by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 71 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in Armstrong World Industries by 107.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 674 shares of the construction company’s stock valued at $95,000 after buying an additional 349 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. UBS Group upped their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial raised their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Loop Capital upped their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries currently has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Stock Up 0.5 %

AWI stock opened at $149.79 on Wednesday. Armstrong World Industries, Inc. has a 1-year low of $98.47 and a 1-year high of $164.40. The business’s 50 day simple moving average is $150.04 and its 200 day simple moving average is $138.33. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $6.53 billion, a PE ratio of 26.42, a PEG ratio of 1.75 and a beta of 1.18.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. As a group, research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

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.