Armstrong World Reaches New 52-Week High (AWI)

NEW YORK ( TheStreet) -- Armstrong World Industries (NYSE: AWI) hit a new 52-week high Thursday as it is currently trading at $49, above its previous 52-week high of $48.72 with 109,274 shares traded as of 2:14 p.m. ET. Average volume has been 229,100 shares over the past 30 days.

Armstrong World has a market cap of $2.8 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 10.4% year to date as of the close of trading on Wednesday.

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 34.5, above the average materials & construction industry P/E ratio of 34.3 and above the S&P 500 P/E ratio of 17.7.

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, good cash flow from operations and impressive record of earnings per share growth. 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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