American Century Companies Inc. Acquires 27,087 Shares of Armstrong World Industries, Inc. $AWI

American Century Companies Inc. increased its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 30.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,636 shares of the construction company’s stock after purchasing an additional 27,087 shares during the quarter. American Century Companies Inc. owned approximately 0.27% of Armstrong World Industries worth $16,432,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in shares of Armstrong World Industries by 100.0% in the first 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 last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Armstrong World Industries by 652.3% in the first 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 bought a new stake in shares of Armstrong World Industries in the first quarter worth $54,000. Covestor Ltd grew its stake in shares of Armstrong World Industries by 40.5% in the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock worth $83,000 after purchasing an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Armstrong World Industries in the first quarter worth $91,000. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AWI shares. Wall Street Zen lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an “overweight” rating and a $200.00 target price on the stock. UBS Group restated a “neutral” rating and issued a $178.00 target price (up previously from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Truist Financial set a $195.00 target price on shares of Armstrong World Industries and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the company a “hold” rating in a report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $177.13.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $197.3040 on Monday. The firm’s 50-day moving average price is $173.88 and its 200-day moving average price is $156.17. Armstrong World Industries, Inc. has a 1-year low of $118.14 and a 1-year high of $198.54. The firm has a market capitalization of $8.54 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.17 and a beta of 1.43. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59.

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

Armstrong World Industries Announces Dividend

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

Armstrong World Industries 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.