Alambic Investment Management L.P. Sells 29,667 Shares of Armstrong Flooring (AFI)

Alambic Investment Management L.P. trimmed its position in shares of Armstrong Flooring (NYSE:AFI) by 15.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,661 shares of the construction company’s stock after selling 29,667 shares during the period. Alambic Investment Management L.P. owned 0.61% of Armstrong Flooring worth $2,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AFI. Virtu Financial LLC purchased a new position in Armstrong Flooring during the 4th quarter worth approximately $182,000. Engineers Gate Manager LP purchased a new position in Armstrong Flooring during the 1st quarter worth approximately $182,000. MetLife Investment Advisors LLC purchased a new position in Armstrong Flooring during the 4th quarter worth approximately $198,000. Macquarie Group Ltd. purchased a new position in Armstrong Flooring during the 4th quarter worth approximately $227,000. Finally, AXA purchased a new position in Armstrong Flooring during the 4th quarter worth approximately $239,000. Hedge funds and other institutional investors own 97.94% of the company’s stock.

Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Stifel Nicolaus lowered their price objective on shares of Armstrong Flooring from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.25.

NYSE AFI opened at $13.23 on Friday. Armstrong Flooring has a twelve month low of $13.02 and a twelve month high of $13.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 2.59. The company has a market cap of $335.61 million, a price-to-earnings ratio of 63.24, a PEG ratio of 2.46 and a beta of 2.33.

Armstrong Flooring (NYSE:AFI) last issued its earnings results on Tuesday, May 8th. The construction company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $263.24 million. Armstrong Flooring had a negative net margin of 3.94% and a positive return on equity of 0.56%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned ($0.13) EPS. equities analysts expect that Armstrong Flooring will post 0.24 earnings per share for the current year.

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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Institutional Ownership by Quarter for Armstrong Flooring (NYSE:AFI)

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