Dimensional Fund Advisors LP boosted its position in Armstrong Flooring Inc (NYSE:AFI) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,819,201 shares of the construction company’s stock after buying an additional 166,504 shares during the quarter. Dimensional Fund Advisors LP owned 7.07% of Armstrong Flooring worth $28,653,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AFI. Wells Fargo & Company MN lifted its holdings in Armstrong Flooring by 3,131.5% in the 2nd quarter. Wells Fargo & Company MN now owns 512,971 shares of the construction company’s stock worth $9,219,000 after buying an additional 497,097 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Armstrong Flooring by 12.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,530,905 shares of the construction company’s stock worth $24,112,000 after buying an additional 169,315 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Armstrong Flooring by 636.2% in the 3rd quarter. Citadel Advisors LLC now owns 135,223 shares of the construction company’s stock worth $2,130,000 after buying an additional 116,856 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Armstrong Flooring by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,920,541 shares of the construction company’s stock valued at $34,511,000 after purchasing an additional 86,896 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Armstrong Flooring by 54.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 202,396 shares of the construction company’s stock valued at $3,188,000 after purchasing an additional 71,546 shares in the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.
A number of equities research analysts have recently issued reports on AFI shares. Zacks Investment Research upgraded shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. SunTrust Banks restated a “hold” rating and issued a $15.00 target price on shares of Armstrong Flooring in a research note on Friday, November 3rd. Finally, TheStreet upgraded shares of Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.33.
Shares of Armstrong Flooring Inc (NYSE AFI) opened at $16.91 on Thursday. The stock has a market cap of $422.92, a PE ratio of -16.74 and a beta of 4.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.66 and a quick ratio of 0.98. Armstrong Flooring Inc has a 12 month low of $13.32 and a 12 month high of $22.96.
Armstrong Flooring (NYSE:AFI) last issued its earnings results on Monday, November 6th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). The company had revenue of $308.50 million during the quarter, compared to analyst estimates of $294.68 million. Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. sell-side analysts forecast that Armstrong Flooring Inc will post 0.15 earnings per share for the current year.
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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.
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