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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.