Armstrong World Industries Inc. (AWI): Today's Featured Industrial Goods Laggard

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Armstrong World Industries ( AWI) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Armstrong World Industries fell $5.41 (-9.1%) to $53.86 on heavy volume. Throughout the day, 5,150,857 shares of Armstrong World Industries exchanged hands as compared to its average daily volume of 696,100 shares. The stock ranged in price between $52.38-$57.62 after having opened the day at $55.44 as compared to the previous trading day's close of $59.27. Other companies within the Industrial Goods sector that declined today were: Ocean Power Technologies ( OPTT), down 8.3%, China BAK Battery ( CBAK), down 7.0%, MagneGas Corporation ( MNGA), down 6.2% and Desarrolladora Homex SAB de CV ADR ( HXM), down 5.8%.

Armstrong World Industries, Inc. engages in the design, manufacture, and sale of flooring products and ceiling systems worldwide. Armstrong World Industries has a market cap of $3.2 billion and is part of the materials & construction industry. Shares are up 2.9% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Armstrong World Industries a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Armstrong World Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Trex Company ( TREX), up 20.7%, Ballard Power Systems ( BLDP), up 16.1%, Bonso Electronics International ( BNSO), up 10.3% and IntriCon Corporation ( IIN), up 9.8% , were all gainers within the industrial goods sector with Lockheed Martin Corporation ( LMT) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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