Yacktman Asset Management LP Sells 55,587 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Yacktman Asset Management LP trimmed 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 filing with the Securities and Exchange Commission. The institutional investor owned 938,001 shares of the construction company’s stock after selling 55,587 shares during the period. Armstrong World Industries comprises 1.5% of Yacktman Asset Management LP’s investment portfolio, making the stock its 25th largest position. Yacktman Asset Management LP owned 2.15% of Armstrong World Industries worth $132,568,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Tealwood Asset Management Inc. raised its holdings in Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after buying an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Armstrong World Industries by 4.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after acquiring an additional 76 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Armstrong World Industries by 5.9% in the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock worth $188,000 after purchasing an additional 79 shares during the last quarter. US Bancorp DE increased its holdings in Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after purchasing an additional 82 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in Armstrong World Industries by 3.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

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

Armstrong World Industries Trading Up 0.3 %

Shares of NYSE AWI 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 has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm has a 50-day moving average of $148.52 and a 200 day moving average of $140.04. The stock has a market cap of $6.60 billion, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19.

Armstrong World Industries 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.