What Caused Armstrong World Industries (AWI) Stock to Fall in Q4?

Madison Funds, managed by Madison Investment Management, released its “Madison Mid Cap Fund” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund increased by 9.6% compared to a 9.2% increase in the Russell Midcap Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Madison Funds highlighted stocks like Armstrong World Industries, Inc. (NYSE:AWI) in its Q4 2022 investor letter....