AWI Stock Summary and Trading Ideas (Armstrong World Industries | NYSE:AWI)

Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).

Armstrong World Industries trades on the NYSE stock market under the symbol AWI.

As of November 13, 2024, AWI stock price declined to $153.67 with 129,547 million shares trading.

AWI has a beta of 1.04, meaning it tends to be more sensitive to market movements. AWI has a correlation of 0.22 to the broad based SPY ETF.

AWI has a market cap of $6.70 billion. This is considered a Mid Cap stock.

Last quarter Armstrong World Industries reported $387 million in Revenue and $1.81 earnings per share. This fell short of revenue expectation by $-90,000 and exceeded earnings estimates by $.06.

In the last 3 years, AWI traded as high as $157.51 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 +91.3% while the SPY ETF gained +37.1%. AWI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +29.7% and +10.0%, respectively, while the SPY returned +12.3% and +2.7%, respectively.

AWI support price is $152.03 and resistance is $157.11 (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.