Alps Advisors Inc. purchased a new stake in shares of Armstrong World Industries Inc (NYSE:AWI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,639 shares of the construction company’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flinton Capital Management LLC bought a new stake in shares of Armstrong World Industries during the first quarter valued at approximately $102,000. Riverhead Capital Management LLC bought a new stake in shares of Armstrong World Industries during the first quarter valued at approximately $113,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Armstrong World Industries during the first quarter valued at approximately $137,000. Meadow Creek Investment Management LLC bought a new stake in shares of Armstrong World Industries during the first quarter valued at approximately $140,000. Finally, Glen Harbor Capital Management LLC bought a new stake in shares of Armstrong World Industries during the first quarter valued at approximately $178,000. 99.89% of the stock is currently owned by institutional investors and hedge funds.

In other Armstrong World Industries news, Director Holdings L.P. Valueact sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $70.03, for a total value of $7,003,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $70.11, for a total transaction of $2,103,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,630,000 shares of company stock worth $112,906,300. Insiders own 1.94% of the company’s stock.

Several analysts have recently commented on the stock. ValuEngine cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Jefferies Financial Group reissued a “hold” rating and set a $73.00 price target on shares of Armstrong World Industries in a research note on Thursday, August 2nd. SunTrust Banks increased their price target on shares of Armstrong World Industries to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Thursday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $66.71.

AWI opened at $71.20 on Friday. Armstrong World Industries Inc has a one year low of $47.65 and a one year high of $71.85. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 1.97. The company has a market cap of $3.68 billion, a PE ratio of 23.58, a P/E/G ratio of 1.14 and a beta of 1.74.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, July 31st. The construction company reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. Armstrong World Industries had a net margin of 15.18% and a return on equity of 41.92%. The business had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $245.81 million. During the same period in the prior year, the firm earned $0.87 earnings per share. Armstrong World Industries’s revenue was up 10.2% compared to the same quarter last year. equities analysts anticipate that Armstrong World Industries Inc will post 3.74 EPS for the current fiscal year.

About Armstrong World Industries

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.

Read More: What is the NASDAQ Stock Market?

Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries Inc (NYSE:AWI).

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

Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.