California Public Employees Retirement System Buys 9,700 Shares of Armstrong Flooring, Inc. (AFI)

California Public Employees Retirement System raised its stake in shares of Armstrong Flooring, Inc. (NYSE:AFI) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,250 shares of the company’s stock after buying an additional 9,700 shares during the period. California Public Employees Retirement System owned 0.22% of Armstrong Flooring worth $1,083,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AFI. Oppenheimer Asset Management Inc. raised its holdings in Armstrong Flooring by 138.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the company’s stock valued at $158,000 after buying an additional 5,102 shares in the last quarter. KBC Group NV raised its holdings in Armstrong Flooring by 1.2% during the second quarter. KBC Group NV now owns 18,663 shares of the company’s stock valued at $335,000 after buying an additional 225 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Armstrong Flooring by 34.9% during the second quarter. Alliancebernstein L.P. now owns 19,710 shares of the company’s stock valued at $354,000 after buying an additional 5,100 shares in the last quarter. Symphony Asset Management LLC raised its holdings in Armstrong Flooring by 4.0% during the second quarter. Symphony Asset Management LLC now owns 21,003 shares of the company’s stock valued at $377,000 after buying an additional 808 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Armstrong Flooring by 69.7% during the second quarter. JPMorgan Chase & Co. now owns 21,403 shares of the company’s stock valued at $385,000 after buying an additional 8,789 shares in the last quarter.



A number of research firms have recently commented on AFI. Zacks Investment Research upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Thursday. Nomura reiterated a “neutral” rating on shares of Armstrong Flooring in a research note on Tuesday, August 8th. Gabelli lowered Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, August 8th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $15.00 price objective on shares of Armstrong Flooring in a research note on Friday, November 3rd. Finally, TheStreet lowered Armstrong Flooring from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$24.20.

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Armstrong Flooring, Inc. (AFI) opened at C$15.82 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.66 and a quick ratio of 0.96. The company has a market capitalization of $406.97, a PE ratio of 65.92 and a beta of 4.50. Armstrong Flooring, Inc. has a 12 month low of C$13.32 and a 12 month high of C$22.96.

Armstrong Flooring (NYSE:AFI) last released its earnings results on Monday, November 6th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.07). Armstrong Flooring had a positive return on equity of 1.06% and a negative net margin of 2.40%. The firm had revenue of C$308.50 million for the quarter, compared to analyst estimates of C$294.68 million. During the same period last year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. research analysts predict that Armstrong Flooring, Inc. will post 0.15 EPS for the current fiscal year.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.

Institutional Ownership by Quarter for Armstrong Flooring (NYSE:AFI)

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