Yacktman Asset Management LP Decreases Position in Armstrong World Industries, Inc. (NYSE:AWI)

Yacktman Asset Management LP decreased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 938,001 shares of the construction company’s stock after selling 55,587 shares during the quarter. Armstrong World Industries accounts for 1.5% of Yacktman Asset Management LP’s portfolio, making the stock its 25th largest position. Yacktman Asset Management LP’s holdings in Armstrong World Industries were worth $132,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new stake in Armstrong World Industries during the 3rd quarter valued at $26,000. V Square Quantitative Management LLC bought a new position in shares of Armstrong World Industries during the third quarter valued at $31,000. ORG Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries during the fourth quarter valued at $32,000. Fortitude Family Office LLC bought a new stake in Armstrong World Industries in the 4th quarter worth about $33,000. Finally, Point72 DIFC Ltd purchased a new position in Armstrong World Industries in the 3rd quarter worth about $47,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 0.3 %

Shares of Armstrong World Industries stock opened at $151.42 on Tuesday. Armstrong World Industries, Inc. has a 1-year low of $101.73 and a 1-year high of $164.40. The company’s fifty day simple moving average is $148.52 and its 200-day simple moving average is $140.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The stock has a market capitalization of $6.60 billion, a PE ratio of 26.70, a P/E/G ratio of 1.66 and a beta of 1.19.

Wall Street Analysts Forecast Growth

AWI has been the topic of a number of recent analyst reports. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI lifted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Loop Capital upped their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.