Armstrong World Industries (AWI) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Armstrong World Industries (AWI) currently holding a Momentum Style Score of B [2] Group 2: Zacks Rank and Performance - AWI has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3] - Stocks rated Zacks Rank 1 and 2 with Style Scores of "A or B" have historically outperformed the market over the following month [3] Group 3: Recent Price Performance - AWI shares have increased by 11.85% over the past week, while the Zacks Building Products - Miscellaneous industry has decreased by 3.95% [6] - Over the past month, AWI's price change is 12.03%, compared to the industry's 3.99% [6] - In the last three months, AWI shares rose by 17.56%, and over the past year, they increased by 57.02%, outperforming the S&P 500's gains of 13.18% and 21.49% respectively [7] Group 4: Trading Volume - AWI's average 20-day trading volume is 431,771 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 5: Earnings Estimates - Over the past two months, three earnings estimates for AWI have been revised upwards, increasing the consensus estimate from $6.99 to $7.21 [10] - For the next fiscal year, three estimates have also moved higher, with no downward revisions [10] Group 6: Conclusion - Given the positive momentum indicators and earnings outlook, AWI is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]