American Century Companies Inc. Has $16.43 Million Position in Armstrong World Industries, Inc. $AWI

Key Points

• American Century Companies Inc. increased its stake in Armstrong World Industries by 30.2%, now owning 116,636 shares valued at approximately $16.4 million.
• Wall Street has mixed ratings on Armstrong World Industries, with several analysts downgrading the stock to a "hold" rating while others set high target prices around $200.
• Armstrong World Industries reported strong quarterly earnings of $2.09 per share, exceeding estimates, and announced a quarterly dividend of $0.308 per share.

American Century Companies Inc. increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 30.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,636 shares of the construction company's stock after purchasing an additional 27,087 shares during the period. American Century Companies Inc. owned approximately 0.27% of Armstrong World Industries worth $16,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AWI. Golden State Wealth Management LLC lifted its position in shares of Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after purchasing an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Armstrong World Industries by 652.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Armstrong World Industries in the 1st quarter worth approximately $54,000. Covestor Ltd increased its position in Armstrong World Industries by 40.5% in the 1st quarter. Covestor Ltd now owns 590 shares of the construction company's stock worth $83,000 after buying an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Armstrong World Industries in the 1st quarter worth approximately $91,000. Institutional investors own 98.93% of the company's stock.

Analysts Set New Price Targets

AWI has been the topic of a number of research reports. Evercore ISI boosted their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $178.00 price target (up previously from $158.00) on shares of Armstrong World Industries in a research note on Wednesday, July 30th. Loop Capital set a $190.00 price objective on Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Bank of America increased their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $177.13.

Armstrong World Industries Price Performance

NYSE AWI traded down $1.84 during midday trading on Friday, hitting $195.73. The company had a trading volume of 527,827 shares, compared to its average volume of 367,958. Armstrong World Industries, Inc. has a twelve month low of $118.14 and a twelve month high of $198.64. The firm has a 50-day moving average price of $178.44 and a 200-day moving average price of $157.71. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $8.47 billion, a PE ratio of 28.95, a P/E/G ratio of 2.15 and a beta of 1.43.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.34. The company had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%.The company's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 EPS. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. As a group, analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.308 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.6%. Armstrong World Industries's payout ratio is currently 18.20%.

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.