Laurion Capital Management LP acquired a new position in shares of Armstrong World Industries Inc (NYSE:AWI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 275,410 shares of the construction company’s stock, valued at approximately $19,169,000. Laurion Capital Management LP owned 0.56% of Armstrong World Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sun Life Financial INC bought a new stake in shares of Armstrong World Industries during the 2nd quarter worth $108,000. SG Americas Securities LLC bought a new stake in shares of Armstrong World Industries during the 2nd quarter worth $183,000. Tower Research Capital LLC TRC bought a new stake in shares of Armstrong World Industries during the 3rd quarter worth $196,000. Captrust Financial Advisors boosted its holdings in shares of Armstrong World Industries by 157.0% during the 2nd quarter. Captrust Financial Advisors now owns 3,136 shares of the construction company’s stock worth $198,000 after buying an additional 1,916 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Armstrong World Industries during the 3rd quarter worth $210,000. 97.07% of the stock is owned by institutional investors and hedge funds.

In other Armstrong World Industries news, SVP Mark A. Hershey sold 2,217 shares of the stock in a transaction on Friday, September 21st. The shares were sold at an average price of $70.04, for a total value of $155,278.68. Following the completion of the sale, the senior vice president now directly owns 38,516 shares of the company’s stock, valued at approximately $2,697,660.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark A. Hershey sold 35,773 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $70.03, for a total transaction of $2,505,183.19. Following the completion of the sale, the senior vice president now directly owns 38,516 shares of the company’s stock, valued at $2,697,275.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,017,990 shares of company stock valued at $205,747,462. Insiders own 1.94% of the company’s stock.

AWI has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. KeyCorp raised shares of Armstrong World Industries from a “sector weight” rating to an “overweight” rating and set a $76.00 price objective for the company in a report on Friday, November 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $70.00 price objective on shares of Armstrong World Industries in a report on Friday, November 2nd. SunTrust Banks reaffirmed a “positive” rating and set a $85.00 price objective on shares of Armstrong World Industries in a report on Friday, November 9th. Finally, Bank of America raised shares of Armstrong World Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $63.00 to $75.00 in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Armstrong World Industries presently has an average rating of “Hold” and a consensus target price of $73.00.

Shares of Armstrong World Industries stock opened at $65.03 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 2.36. Armstrong World Industries Inc has a fifty-two week low of $54.45 and a fifty-two week high of $73.45. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 0.99 and a beta of 1.78.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). Armstrong World Industries had a net margin of 19.46% and a return on equity of 45.95%. The company had revenue of $260.50 million during the quarter, compared to the consensus estimate of $252.96 million. During the same period last year, the company earned $0.90 earnings per share. Armstrong World Industries’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts expect that Armstrong World Industries Inc will post 3.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, December 4th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Monday, December 3rd. Armstrong World Industries’s dividend payout ratio (DPR) is presently 23.18%.

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Armstrong World Industries Profile

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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