The U.S. Census Bureau recently reported slightly lower Construction spending in February from January’s revised reading. The metric declined 0.3% month over month and missed analysts’ expectations of 0.7% due to weaknesses in non-residential and public projects.Nonetheless, the reported metric rose 10.7% from the February 2023 reading. Defying a decline in outlays on public projects, improved residential market, increased repair and remodeling activities, higher infrastructure investments and the Federal G ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Armstrong World Industries (AWI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.Armstrong World Industries is one of 98 companies in th ...

It has been about a month since the last earnings report for Armstrong World Industries (AWI) . Shares have added about 3.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Armstrong World Industries due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Armstrong Worl ...

The month of February saw blistering growth in U.S. housing amid concerns surrounding rising raw material prices.U.S. home construction surged in February, marking a significant rebound from weather-related setbacks seen earlier in the year. This resurgence is particularly beneficial for homebuilding companies, driven by factors comprising slightly more favorable mortgage rates and a shortage of existing houses for sale.Despite challenges posed by higher mortgage rates, builders are adapting by implementing ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Armstrong World Industries (AWI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.Armstrong World Industries is one of 98 companies in the Construction group. The Construction group currently sits at #1 within the Zacks Sector Rank. Th ...

One stock that might be an intriguing choice for investors right now is Armstrong World Industries, Inc. (AWI) . This is because this security in the Building Products – Miscellaneous space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguab ...

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President & Chief Executive Officer Vic Grizzle and SVP & Chief Financial Officer Chris Calzaretta will be hosting virtual investor meetings at the 5th Annual Loop Investor Conference on Monday, March 11, 2024. In anticipation of the conference, Armstrong has published an updated Investor Presentation which can be found in the E ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Armstrong World Industries (AWI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Armstrong World Industries is a member of the Construction sector. This group includes 98 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measur ...

Have you been paying attention to shares of Armstrong World Industries (AWI) ? Shares have been on the move with the stock up 24% over the past month. The stock hit a new 52-week high of $122.83 in the previous session. Armstrong World Industries has gained 24.5% since the start of the year compared to the 6.1% move for the Zacks Construction sector and the 9.7% return for the Zacks Building Products - Miscellaneous industry.What's Driving the Outperformance?The stock has a great record of positive earnings ...

Armstrong World Industries, Inc. (AWI) reported impressive results for fourth-quarter 2023, wherein earnings and net sales topped the Zacks Consensus Estimate and increased on a year-over-year basis.The company’s growth trend was backed by solid contributions from the Mineral Fiber as well as Architectural Specialties segments, despite soft market conditions. The growth was attributable to the increase in average unit value (AUV), driven by favorable pricing and volumes. Also, contributions from recent acqu ...