Schwartz Investment Counsel Inc. Reduces Position in Armstrong World Industries, Inc. (NYSE:AWI)

Schwartz Investment Counsel Inc. cut its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,000 shares of the construction company's stock after selling 12,000 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.18% of Armstrong World Industries worth $11,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new position in shares of Armstrong World Industries in the third quarter worth about $26,000. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries in the fourth quarter worth about $32,000. Quent Capital LLC raised its stake in shares of Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock worth $32,000 after purchasing an additional 170 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Armstrong World Industries in the fourth quarter worth about $33,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Armstrong World Industries in the third quarter worth about $31,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Armstrong World Industries Price Performance

NYSE AWI traded up $1.02 on Friday, hitting $154.05. The company had a trading volume of 212,552 shares, compared to its average volume of 191,563. The company has a market capitalization of $6.72 billion, a PE ratio of 27.17, a PEG ratio of 1.66 and a beta of 1.19. The company's fifty day moving average price is $148.02 and its 200-day moving average price is $140.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 12-month low of $104.53 and a 12-month high of $164.40.

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.