Algert Global LLC lifted its position in shares of Armstrong Flooring Inc (NYSE:AFI) by 379.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,639 shares of the construction company’s stock after buying an additional 140,573 shares during the period. Algert Global LLC owned approximately 0.69% of Armstrong Flooring worth $3,215,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio increased its holdings in shares of Armstrong Flooring by 8.8% during the 2nd quarter. Strs Ohio now owns 52,900 shares of the construction company’s stock worth $742,000 after buying an additional 4,300 shares during the last quarter. Nantahala Capital Management LLC increased its holdings in Armstrong Flooring by 15.7% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,653,016 shares of the construction company’s stock valued at $23,208,000 after purchasing an additional 224,695 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Armstrong Flooring by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,148,742 shares of the construction company’s stock valued at $30,168,000 after purchasing an additional 55,666 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Armstrong Flooring by 1.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,427,033 shares of the construction company’s stock valued at $20,036,000 after purchasing an additional 20,520 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Armstrong Flooring in the 2nd quarter valued at $194,000. Institutional investors and hedge funds own 98.01% of the company’s stock.
Several analysts recently issued reports on AFI shares. Gabelli upgraded Armstrong Flooring from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, November 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 price target on shares of Armstrong Flooring in a report on Thursday, August 9th. ValuEngine upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded Armstrong Flooring from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Macquarie set a $18.00 price target on Armstrong Flooring and gave the company a “hold” rating in a report on Friday, September 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.25.
Shares of NYSE AFI opened at $14.56 on Thursday. Armstrong Flooring Inc has a 12-month low of $12.03 and a 12-month high of $20.46. The firm has a market capitalization of $403.94 million, a P/E ratio of 69.33, a P/E/G ratio of 3.07 and a beta of 2.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.05.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.13. Armstrong Flooring had a positive return on equity of 2.71% and a negative net margin of 1.12%. The firm had revenue of $309.70 million during the quarter, compared to the consensus estimate of $313.82 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Armstrong Flooring Inc will post 0.38 earnings per share for the current 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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