Teton Advisors Inc. raised its holdings in shares of Armstrong Flooring, Inc. (NYSE:AFI) by 16.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,300 shares of the construction company’s stock after buying an additional 33,800 shares during the quarter. Teton Advisors Inc. owned about 0.88% of Armstrong Flooring worth $3,753,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Armstrong Flooring by 138.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock worth $158,000 after buying an additional 5,102 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Armstrong Flooring by 13.7% during the second quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock worth $231,000 after buying an additional 1,551 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Armstrong Flooring during the second quarter worth approximately $330,000. KBC Group NV lifted its holdings in shares of Armstrong Flooring by 1.2% during the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after buying an additional 225 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted 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 buying an additional 1,056 shares during the last quarter.
Shares of Armstrong Flooring, Inc. (NYSE AFI) traded up $0.78 during midday trading on Monday, hitting $14.93. The company had a trading volume of 108,089 shares, compared to its average volume of 121,656. The company has a quick ratio of 0.96, a current ratio of 2.62 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $383.26, a price-to-earnings ratio of 32.91 and a beta of 4.50. Armstrong Flooring, Inc. has a twelve month low of $13.55 and a twelve month high of $22.96.
Armstrong Flooring (NYSE:AFI) last issued its earnings results on Wednesday, November 8th. The construction company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). The firm 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 0.03% and a positive return on equity of 1.99%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. equities analysts anticipate that Armstrong Flooring, Inc. will post 0.23 EPS for the current year.
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AFI has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price target on shares of Armstrong Flooring in a report on Monday, August 7th. Gabelli lowered Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Tuesday, August 8th. Nomura reiterated a “neutral” rating on shares of Armstrong Flooring in a report on Tuesday, August 8th. Zacks Investment Research lowered Armstrong Flooring from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, TheStreet lowered Armstrong Flooring from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Armstrong Flooring presently has an average rating of “Hold” and an average price target of $24.20.
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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