American Century Companies Inc. Has $46.07 Million Stock Position in Armstrong World Industries, Inc. $AWI

American Century Companies Inc. lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 66.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 235,018 shares of the construction company’s stock after purchasing an additional 93,770 shares during the quarter. American Century Companies Inc.’s holdings in Armstrong World Industries were worth $46,066,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Armstrong World Industries during the 3rd quarter worth $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Armstrong World Industries in the second quarter valued at about $32,000. Bessemer Group Inc. boosted its stake in shares of Armstrong World Industries by 70.0% during the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after purchasing an additional 91 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Armstrong World Industries during the second quarter worth about $46,000. Finally, MAI Capital Management acquired a new position in shares of Armstrong World Industries in the second quarter valued at approximately $47,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Trading Up 1.1%

AWI opened at $171.87 on Friday. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The company has a fifty day moving average of $190.41 and a 200-day moving average of $191.75. The stock has a market cap of $7.36 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.06). Armstrong World Industries had a net margin of 19.05% and a return on equity of 37.80%. The firm had revenue of $388.30 million during the quarter, compared to analyst estimates of $400.87 million. During the same quarter in the previous year, the firm earned $1.50 EPS. Armstrong World Industries’s quarterly revenue was up 5.6% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.339 per share. The ex-dividend date is Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is presently 19.21%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AWI shares. Jefferies Financial Group reiterated a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus price target of $211.43.

Armstrong World Industries Company Profile

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.