Armstrong Flooring, Inc. (NYSE:AFI) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its stake in Armstrong Flooring, Inc. (NYSE:AFI) by 46.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 771,147 shares of the construction company’s stock after buying an additional 246,357 shares during the period. Russell Investments Group Ltd.’s holdings in Armstrong Flooring were worth $13,856,000 at the end of the most recent reporting period.
Separately, Kirr Marbach & Co. LLC IN boosted its stake in shares of Armstrong Flooring by 47.6% in the second quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock valued at $440,000 after buying an additional 7,900 shares in the last quarter. 99.44% of the stock is currently owned by institutional investors and hedge funds.
Armstrong Flooring, Inc. (NYSE AFI) traded up 0.63% during mid-day trading on Friday, hitting $14.37. 134,068 shares of the stock traded hands. The stock has a market capitalization of $389.21 million, a PE ratio of 653.18 and a beta of 4.45. Armstrong Flooring, Inc. has a one year low of $13.76 and a one year high of $22.96. The company has a 50 day moving average price of $17.40 and a 200-day moving average price of $18.98.
Armstrong Flooring (NYSE:AFI) last issued its earnings results on Monday, August 7th. The construction company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.38 by $0.12. The firm had revenue of $297.30 million during the quarter, compared to analyst estimates of $324.63 million. Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The business’s revenue was down 8.2% on a year-over-year basis. Equities analysts anticipate that Armstrong Flooring, Inc. will post $0.48 earnings per share for the current fiscal year.
AFI has been the topic of several research analyst reports. Instinet upped their price objective on shares of Armstrong Flooring from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Gabelli cut shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective on shares of Armstrong Flooring in a research note on Monday. Zacks Investment Research raised shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Nomura reaffirmed a “neutral” rating on shares of Armstrong Flooring in a research note on Tuesday. One research 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. The company has a consensus rating of “Hold” and an average price target of $25.00.
About Armstrong Flooring
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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