American Century Companies Inc. Grows Position in Armstrong World Industries, Inc. (NYSE:AWI)

American Century Companies Inc. increased its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,549 shares of the construction company's stock after purchasing an additional 10,340 shares during the quarter. American Century Companies Inc. owned approximately 0.21% of Armstrong World Industries worth $12,656,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at $32,000. Quent Capital LLC increased its holdings in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after acquiring an additional 170 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Armstrong World Industries in the 4th quarter worth about $33,000. Twin Tree Management LP purchased a new position in shares of Armstrong World Industries in the 4th quarter worth about $43,000. Finally, Point72 DIFC Ltd bought a new position in Armstrong World Industries in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock traded down $4.47 on Friday, hitting $130.56. 379,820 shares of the company's stock were exchanged, compared to its average volume of 268,263. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a market capitalization of $5.67 billion, a PE ratio of 23.03, a PEG ratio of 1.60 and a beta of 1.20. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The company has a 50-day simple moving average of $147.04 and a 200-day simple moving average of $146.01.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. Armstrong World Industries's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.308 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.94%. Armstrong World Industries's dividend payout ratio (DPR) is presently 20.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AWI. The Goldman Sachs Group boosted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. UBS Group increased their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Truist Financial boosted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $153.33.

About Armstrong World Industries

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.