Armstrong World Industries, Inc. $AWI Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 44.4% during the third quarter, Holdings Channel.com reports. The fund owned 15,180 shares of the construction company’s stock after purchasing an additional 4,671 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Armstrong World Industries were worth $2,991,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Armstrong World Industries in the second quarter valued at approximately $32,000. Headlands Technologies LLC purchased a new stake in Armstrong World Industries during the second quarter worth approximately $46,000. MAI Capital Management acquired a new stake in shares of Armstrong World Industries in the second quarter worth $47,000. SJS Investment Consulting Inc. lifted its holdings in shares of Armstrong World Industries by 4,860.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in Armstrong World Industries during the 3rd quarter worth $57,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Down 1.0%

Shares of Armstrong World Industries stock opened at $183.68 on Thursday. The business has a 50-day moving average price of $189.79 and a 200 day moving average price of $190.35. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $206.08. The firm has a market cap of $7.92 billion, a P/E ratio of 26.28, a P/E/G ratio of 1.62 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, October 28th. The construction company reported $2.05 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 company had revenue of $425.20 million during the quarter, compared to analyst estimates of $423.40 million. During the same quarter last year, the firm earned $1.81 EPS. The business’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AWI shares. JPMorgan Chase & Co. raised their target price on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Bank of America raised their target price on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Vertical Research began coverage on Armstrong World Industries in a report on Monday, October 20th. They set a “buy” rating and a $238.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.