Yacktman Asset Management LP Sells 67,712 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Yacktman Asset Management LP decreased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 870,289 shares of the construction company's stock after selling 67,712 shares during the quarter. Armstrong World Industries accounts for approximately 1.6% of Yacktman Asset Management LP's investment portfolio, making the stock its 24th largest position. Yacktman Asset Management LP owned 2.00% of Armstrong World Industries worth $122,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Armstrong World Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock valued at $656,922,000 after buying an additional 34,579 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in Armstrong World Industries by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,198,801 shares of the construction company's stock valued at $169,427,000 after buying an additional 19,787 shares during the last quarter. Geode Capital Management LLC raised its holdings in Armstrong World Industries by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock valued at $125,444,000 after buying an additional 35,738 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Armstrong World Industries by 140.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after buying an additional 389,000 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in Armstrong World Industries by 267.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock worth $75,273,000 after purchasing an additional 387,537 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.9%

Shares of Armstrong World Industries stock traded down $1.56 on Friday, hitting $168.05. The stock had a trading volume of 179,989 shares, compared to its average volume of 276,617. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.67. Armstrong World Industries, Inc. has a one year low of $117.92 and a one year high of $170.86. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.13 and a beta of 1.37. The stock's 50-day simple moving average is $157.44 and its two-hundred day simple moving average is $148.63.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.11. Armstrong World Industries had a net margin of 18.25% and a return on equity of 39.37%. The firm had revenue of $382.70 million for the quarter, compared to analysts' expectations of $370.71 million. During the same quarter last year, the business earned $1.38 earnings per share. The business's revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries's dividend payout ratio is currently 19.68%.

Wall Street Analyst Weigh In

AWI has been the subject of several analyst reports. Loop Capital lowered their price target on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on shares of Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price objective for the company. Finally, Bank of America raised their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $162.88.

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.