Wealth Enhancement Advisory Services LLC Raises Holdings in Armstrong World Industries, Inc. $AWI

Wealth Enhancement Advisory Services LLC increased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 44.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,180 shares of the construction company’s stock after purchasing an additional 4,671 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Armstrong World Industries were worth $2,991,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Wealth Alliance LLC boosted its stake in Armstrong World Industries by 2.5% during the 2nd quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock worth $380,000 after purchasing an additional 56 shares during the period. Blue Trust Inc. raised its position in Armstrong World Industries by 4.2% during the 3rd quarter. Blue Trust Inc. now owns 1,548 shares of the construction company’s stock worth $303,000 after buying an additional 63 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Armstrong World Industries by 0.6% in the 2nd quarter. Yousif Capital Management LLC now owns 16,398 shares of the construction company’s stock worth $2,664,000 after acquiring an additional 100 shares during the period. State of Wyoming boosted its holdings in shares of Armstrong World Industries by 3.6% in the second quarter. State of Wyoming now owns 3,194 shares of the construction company’s stock valued at $519,000 after acquiring an additional 110 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of Armstrong World Industries by 6.5% during the third quarter. Sivia Capital Partners LLC now owns 1,905 shares of the construction company’s stock worth $373,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $183.68 on Thursday. The firm has a 50 day simple moving average of $189.79 and a 200-day simple moving average of $190.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The firm has a market cap of $7.92 billion, a PE ratio of 26.28, a P/E/G ratio of 1.62 and a beta of 1.32. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $206.08.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.06. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The business had revenue of $425.20 million for the quarter, compared to analysts’ expectations of $423.40 million. During the same quarter last year, the firm earned $1.81 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America lifted their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Vertical Research began coverage on Armstrong World Industries in a research note on Monday, October 20th. They set a “buy” rating and a $238.00 price target for the company. Finally, Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $207.50.

About Armstrong World Industries

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.