SG Americas Securities LLC Purchases 5,720 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

SG Americas Securities LLC lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI – Get Rating) by 281.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,754 shares of the construction company’s stock after acquiring an additional 5,720 shares during the period. SG Americas Securities LLC’s holdings in Armstrong World Industries were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG increased its position in shares of Armstrong World Industries by 2.0% during the second quarter. UBS Group AG now owns 6,401 shares of the construction company’s stock valued at $480,000 after acquiring an additional 123 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Armstrong World Industries by 3.3% during the second quarter. Private Advisor Group LLC now owns 4,080 shares of the construction company’s stock valued at $305,000 after acquiring an additional 131 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Armstrong World Industries by 4.3% during the second quarter. Captrust Financial Advisors now owns 3,317 shares of the construction company’s stock valued at $249,000 after acquiring an additional 136 shares in the last quarter. Corient Capital Partners LLC increased its position in shares of Armstrong World Industries by 1.4% during the second quarter. Corient Capital Partners LLC now owns 11,185 shares of the construction company’s stock valued at $839,000 after acquiring an additional 154 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Armstrong World Industries by 9.0% during the second quarter. Inspire Investing LLC now owns 2,834 shares of the construction company’s stock valued at $212,000 after acquiring an additional 235 shares in the last quarter.

Armstrong World Industries Stock Up 1.7 %

AWI opened at $74.25 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.11 and a current ratio of 1.66. Armstrong World Industries, Inc. has a fifty-two week low of $66.86 and a fifty-two week high of $105.16. The firm’s fifty day moving average is $72.76 and its 200 day moving average is $79.32. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12.

Armstrong World Industries (NYSE:AWI – Get Rating) last released its earnings results on Tuesday, October 25th. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). Armstrong World Industries had a net margin of 16.18% and a return on equity of 42.46%. The firm had revenue of $325.00 million for the quarter, compared to analysts’ expectations of $331.54 million. During the same quarter last year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that Armstrong World Industries, Inc. will post 4.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zelman & Associates downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Credit Suisse Group cut their target price on shares of Armstrong World Industries from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Armstrong World Industries from $113.00 to $99.00 in a research report on Tuesday, January 10th. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 17th. Finally, Loop Capital downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating and cut their target price for the stock from $98.00 to $75.00 in a research report on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $89.00.

Insider Activity at Armstrong World Industries

In related news, CEO Victor Grizzle sold 25,689 shares of Armstrong World Industries stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $68.83, for a total transaction of $1,768,173.87. Following the transaction, the chief executive officer now owns 332,435 shares in the company, valued at approximately $22,881,501.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Armstrong World Industries Profile

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Armstrong World Industries, Inc engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Mineral Fiber, Architectural Specialties, and Unallocated Corporate. The Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings.