Ancora Advisors LLC raised its holdings in Armstrong Flooring Inc (NYSE:AFI) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 769,331 shares of the construction company’s stock after purchasing an additional 52,676 shares during the period. Ancora Advisors LLC owned about 2.98% of Armstrong Flooring worth $13,925,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of AFI. Strs Ohio boosted its stake in shares of Armstrong Flooring by 8.8% in the second quarter. Strs Ohio now owns 52,900 shares of the construction company’s stock worth $742,000 after acquiring an additional 4,300 shares during the last quarter. Nantahala Capital Management LLC boosted its stake in shares of Armstrong Flooring by 15.7% in the second quarter. Nantahala Capital Management LLC now owns 1,653,016 shares of the construction company’s stock worth $23,208,000 after acquiring an additional 224,695 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in shares of Armstrong Flooring in the second quarter worth approximately $153,000. Dimensional Fund Advisors LP boosted its stake in shares of Armstrong Flooring by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,148,742 shares of the construction company’s stock worth $30,168,000 after acquiring an additional 55,666 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Armstrong Flooring by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 1,427,033 shares of the construction company’s stock worth $20,036,000 after acquiring an additional 20,520 shares during the last quarter. 94.13% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on AFI. Zacks Investment Research raised Armstrong Flooring from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Friday, August 10th. ValuEngine raised Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price target on shares of Armstrong Flooring in a research note on Thursday, August 9th. Macquarie set a $18.00 price target on Armstrong Flooring and gave the stock a “hold” rating in a research note on Friday, September 14th. Finally, Zelman & Associates lowered Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Armstrong Flooring has an average rating of “Hold” and a consensus target price of $19.25.
NYSE AFI opened at $15.72 on Friday. The firm has a market cap of $401.88 million, a price-to-earnings ratio of 75.48, a P/E/G ratio of 3.08 and a beta of 2.27. The company has a current ratio of 2.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. Armstrong Flooring Inc has a fifty-two week low of $12.03 and a fifty-two week high of $20.46.
Armstrong Flooring (NYSE:AFI) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.13. The company had revenue of $309.70 million for the quarter, compared to analyst estimates of $313.82 million. Armstrong Flooring had a positive return on equity of 2.71% and a negative net margin of 1.12%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Equities analysts anticipate that Armstrong Flooring Inc will post 0.38 EPS for the current year.
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About Armstrong Flooring
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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