Crestline Management LP bought a new position in shares of Armstrong Flooring (NYSE:AFI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,160 shares of the construction company’s stock, valued at approximately $663,000. Crestline Management LP owned 0.15% of Armstrong Flooring as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of AFI. Millennium Management LLC bought a new position in Armstrong Flooring in the 4th quarter valued at $3,032,000. Cornerstone Capital Management Holdings LLC. grew its stake in Armstrong Flooring by 2,716.7% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 16,900 shares of the construction company’s stock valued at $285,000 after purchasing an additional 16,300 shares during the period. Ellington Management Group LLC bought a new position in Armstrong Flooring in the 4th quarter valued at $250,000. Goldman Sachs Group Inc. grew its stake in Armstrong Flooring by 302.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 249,177 shares of the construction company’s stock valued at $4,216,000 after purchasing an additional 187,189 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Armstrong Flooring during the 4th quarter worth $572,000. 97.25% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.33.
AFI traded down $0.32 during trading on Friday, reaching $13.63. 51,620 shares of the company were exchanged, compared to its average volume of 108,943. The stock has a market capitalization of $350.63, a price-to-earnings ratio of 64.90, a price-to-earnings-growth ratio of 1.56 and a beta of 2.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 2.58. Armstrong Flooring has a 12-month low of $12.91 and a 12-month high of $20.20.
Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings data on Tuesday, March 6th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $266.70 million. Armstrong Flooring had a positive return on equity of 0.97% and a negative net margin of 3.69%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) EPS. research analysts forecast that Armstrong Flooring will post 0.4 earnings per share for the current fiscal year.
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Armstrong Flooring Profile
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.
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