NEW YORK (

TheStreet

) --

Armstrong World Industries

(NYSE:

AWI

) hit a new 52-week high Wednesday as it is currently trading at $51.78, above its previous 52-week high of $51.55 with 155,765 shares traded as of 1:49 p.m. ET. Average volume has been 219,100 shares over the past 30 days.

Armstrong World has a market cap of $2.77 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 14.8% year to date as of the close of trading on Tuesday.

Armstrong World Industries, Inc. engages in the design, manufacture, and sale of flooring products and ceiling systems in the Americas, Europe, and the Pacific Rim. The company has a P/E ratio of 26.3, below the average materials & construction industry P/E ratio of 33.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Armstrong World as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Armstrong World Ratings Report

.

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