Armstrong World Industries Inc (NYSE:AWI) Stake Increased by Jane Street Group LLC

Jane Street Group LLC increased its stake in Armstrong World Industries Inc (NYSE:AWI) by 1,231.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,357 shares of the construction company’s stock after buying an additional 57,675 shares during the quarter. Jane Street Group LLC owned about 0.13% of Armstrong World Industries worth $3,630,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. bought a new position in shares of Armstrong World Industries during the third quarter valued at about $444,000. WINTON GROUP Ltd bought a new position in shares of Armstrong World Industries during the third quarter valued at about $210,000. JPMorgan Chase & Co. lifted its position in shares of Armstrong World Industries by 402.3% during the third quarter. JPMorgan Chase & Co. now owns 15,959 shares of the construction company’s stock valued at $1,111,000 after purchasing an additional 12,782 shares in the last quarter. Commonwealth Bank of Australia purchased a new stake in Armstrong World Industries during the third quarter worth about $341,000. Finally, Piedmont Investment Advisors Inc. purchased a new position in shares of Armstrong World Industries in the third quarter worth about $227,000. Institutional investors own 98.39% of the company’s stock.

In other news, insider Valueact Capital Master Fund, sold 1,725,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $73.69, for a total transaction of $127,115,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact sold 456,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.25, for a total value of $33,402,000.00. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on AWI shares. Zacks Investment Research upgraded shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Nomura set a $73.00 price objective on shares of Armstrong World Industries and gave the stock a “buy” rating in a research note on Tuesday, February 26th. KeyCorp increased their price objective on shares of Armstrong World Industries from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, February 26th. Finally, Zelman & Associates upgraded Armstrong World Industries from a “sell” rating to a “hold” rating and set a $73.05 target price for the company in a research report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $78.26.

AWI traded up $1.31 on Monday, hitting $85.20. The company had a trading volume of 360,800 shares, compared to its average volume of 501,407. Armstrong World Industries Inc has a 12-month low of $54.34 and a 12-month high of $85.29. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.37 and a quick ratio of 1.26. The firm has a market capitalization of $4.07 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.84.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.04). Armstrong World Industries had a net margin of 19.06% and a return on equity of 54.86%. The company had revenue of $238.90 million during the quarter, compared to analysts’ expectations of $239.46 million. During the same quarter last year, the firm earned $0.50 EPS. Armstrong World Industries’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that Armstrong World Industries Inc will post 4.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.82%. Armstrong World Industries’s payout ratio is 19.13%.

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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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