Yacktman Asset Management LP Has $141.75 Million Stake in Armstrong World Industries, Inc. $AWI

Yacktman Asset Management LP trimmed its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,742 shares of the construction company’s stock after selling 17,543 shares during the period. Armstrong World Industries accounts for 2.0% of Yacktman Asset Management LP’s holdings, making the stock its 20th largest position. Yacktman Asset Management LP’s holdings in Armstrong World Industries were worth $141,747,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in Armstrong World Industries in the third quarter valued at approximately $25,000. CIBC Private Wealth Group LLC increased its stake in Armstrong World Industries by 426.5% in the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after acquiring an additional 145 shares during the last quarter. Ameriflex Group Inc. bought a new position in Armstrong World Industries in the third quarter valued at approximately $35,000. Sound Income Strategies LLC bought a new position in Armstrong World Industries in the fourth quarter valued at approximately $39,000. Finally, Bessemer Group Inc. increased its stake in Armstrong World Industries by 70.0% in the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after acquiring an additional 91 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research note on Monday, April 20th. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a research note on Wednesday, February 25th. UBS Group decreased their price objective on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Evercore set a $200.00 price objective on shares of Armstrong World Industries in a research note on Tuesday, April 28th. Finally, Bank of America decreased their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $211.86.

Armstrong World Industries Stock Performance

NYSE AWI opened at $161.85 on Friday. The firm’s fifty day moving average price is $170.15 and its two-hundred day moving average price is $183.71. The stock has a market cap of $6.91 billion, a PE ratio of 22.96, a PEG ratio of 1.79 and a beta of 1.21. Armstrong World Industries, Inc. has a fifty-two week low of $149.06 and a fifty-two week high of $206.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The company had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 8.32 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th. Armstrong World Industries’s payout ratio is presently 19.29%.

About Armstrong World Industries

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.