Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 938,001 shares of the construction company's stock after selling 55,587 shares during the period. Armstrong World Industries accounts for approximately 1.5% of Yacktman Asset Management LP's investment portfolio, making the stock its 25th biggest position. Yacktman Asset Management LP owned approximately 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 and other institutional investors have also recently bought and sold shares of AWI. Natixis Advisors LLC raised its holdings in shares of Armstrong World Industries by 16.0% during the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock valued at $64,678,000 after acquiring an additional 67,798 shares during the last quarter. Quest Partners LLC raised its stake in Armstrong World Industries by 32.9% in the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company's stock valued at $2,625,000 after purchasing an additional 4,945 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after purchasing an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Armstrong World Industries by 89.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company's stock worth $1,447,000 after purchasing an additional 5,191 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Armstrong World Industries during the 3rd quarter worth $1,035,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Truist Financial raised their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Loop Capital upped their price target 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. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Evercore ISI boosted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Armstrong World Industries has a consensus rating of "Hold" and an average target price of $140.83.

Armstrong World Industries Trading Up 0.6 %

AWI traded up $0.89 during trading hours on Friday, reaching $153.92. The company's stock had a trading volume of 78,343 shares, compared to its average volume of 193,525. The business's 50-day moving average is $148.09 and its 200-day moving average is $140.35. 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 cap of $6.71 billion, a PE ratio of 27.15, a P/E/G ratio of 1.66 and a beta of 1.19. Armstrong World Industries, Inc. has a fifty-two week low of $104.53 and a fifty-two week high of $164.40.

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.