California Public Employees Retirement System raised its stake in shares of Armstrong Flooring Inc (NYSE:AFI) by 34.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,051 shares of the construction company’s stock after buying an additional 20,801 shares during the quarter. California Public Employees Retirement System owned about 0.32% of Armstrong Flooring worth $1,277,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Voya Investment Management LLC grew its holdings in Armstrong Flooring by 13.7% during the 2nd quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock valued at $231,000 after buying an additional 1,551 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Armstrong Flooring during the second quarter worth about $330,000. KBC Group NV grew its holdings in shares of Armstrong Flooring by 17.7% during the third quarter. KBC Group NV now owns 21,966 shares of the construction company’s stock worth $346,000 after purchasing an additional 3,303 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Armstrong Flooring by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock worth $351,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Armstrong Flooring by 34.9% during the second quarter. Alliancebernstein L.P. now owns 19,710 shares of the construction company’s stock worth $354,000 after purchasing an additional 5,100 shares in the last quarter. 97.60% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. SunTrust Banks reissued a “hold” rating and set a $15.00 price objective on shares of Armstrong Flooring in a report on Friday, November 3rd. TheStreet raised Armstrong Flooring from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th. Finally, Zacks Investment Research raised Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.33.
Armstrong Flooring Inc (AFI) traded up $0.34 during trading hours on Wednesday, reaching $14.50. The company had a trading volume of 279,221 shares, compared to its average volume of 93,568. The company has a market cap of $365.55, a P/E ratio of -14.37 and a beta of 2.80. Armstrong Flooring Inc has a one year low of $13.32 and a one year high of $22.96. The company has a quick ratio of 0.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.17.
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Armstrong Flooring 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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