5-Mar-2025
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Armstrong World Industries Reports Record-Setting Fourth-Quarter and Full-Year 2024 Results
Business Wire (Tue, 25-Feb 6:00 AM ET)
Armstrong World Industries Announces Quarterly Dividend
Business Wire (Wed, 19-Feb 4:30 PM ET)
Business Wire (Tue, 28-Jan 8:00 AM ET)
Armstrong World Industries Inc. designs, innovates, and manufactures ceiling and wall solutions in the Americas. The company manufactures and sources products made of numerous materials, including mineral fiber, fiberglass, metal, felt, wood, resin, wood fiber, and glass-reinforced-gypsum. It also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc., called Worthington Armstrong Venture (WAVE). The company's reportable operating segments include Mineral Fiber, Architectural Specialties, and Unallocated Corporate. A majority of its revenue is generated from the Mineral Fiber segment, which produces suspended mineral fiber and fiberglass ceiling systems. Geographically, it derives maximum revenue from the United States.
Armstrong World Industries trades on the NYSE stock market under the symbol AWI.
As of March 5, 2025, AWI stock price climbed to $152.57 with 279,456 million shares trading.
AWI has a beta of 1.00, meaning it tends to be less sensitive to market movements. AWI has a correlation of 0.29 to the broad based SPY ETF.
AWI has a market cap of $6.63 billion. This is considered a Mid Cap stock.
Last quarter Armstrong World Industries reported $368 million in Revenue and $1.50 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.12.
In the last 3 years, AWI traded as high as $164.40 and as low as $62.03.
The top ETF exchange traded funds that AWI belongs to (by Net Assets): IJR, VTI, VB, VXF, VBK.
AWI has outperformed the market in the last year with a price return of +26.2% while the SPY ETF gained +15.2%. However, in the short term, AWI had mixed performance relative to the market. It has underperformed in the last 3 months, returning -4.6% vs -3.7% return in SPY. But in the last 2 weeks, AWI shares have fared better than the market returning -1.1% compared to SPY -4.6%.
AWI support price is $146.74 and resistance is $151.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AWI shares will trade within this expected range on the day.