California Public Employees Retirement System boosted its holdings in Armstrong Flooring, Inc. (NYSE:AFI) by 19.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,250 shares of the company’s stock after acquiring an additional 9,700 shares during the quarter. California Public Employees Retirement System owned 0.22% of Armstrong Flooring worth $1,083,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its position in Armstrong Flooring by 138.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the company’s stock valued at $158,000 after acquiring an additional 5,102 shares during the period. KBC Group NV increased its position in Armstrong Flooring by 1.2% in the 2nd quarter. KBC Group NV now owns 18,663 shares of the company’s stock valued at $335,000 after acquiring an additional 225 shares during the period. Alliancebernstein L.P. increased its position in Armstrong Flooring by 34.9% in the 2nd quarter. Alliancebernstein L.P. now owns 19,710 shares of the company’s stock valued at $354,000 after acquiring an additional 5,100 shares during the period. Symphony Asset Management LLC increased its position in Armstrong Flooring by 4.0% in the 2nd quarter. Symphony Asset Management LLC now owns 21,003 shares of the company’s stock valued at $377,000 after acquiring an additional 808 shares during the period. Finally, Citigroup Inc. increased its position in Armstrong Flooring by 65.9% in the 2nd quarter. Citigroup Inc. now owns 21,385 shares of the company’s stock valued at $385,000 after acquiring an additional 8,497 shares during the period.

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Armstrong Flooring, Inc. (AFI) opened at C$15.82 on Friday. Armstrong Flooring, Inc. has a 1 year low of C$13.32 and a 1 year high of C$22.96. The stock has a market capitalization of $406.97, a price-to-earnings ratio of 65.92 and a beta of 4.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 2.66.

Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Monday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.07). The firm had revenue of C$308.50 million for the quarter, compared to analyst estimates of C$294.68 million. Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. sell-side analysts predict that Armstrong Flooring, Inc. will post 0.15 earnings per share for the current year.

Several equities analysts have recently issued reports on AFI shares. Gabelli cut Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet cut Armstrong Flooring from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. SunTrust Banks, Inc. reiterated a “hold” rating and set a $15.00 price target on shares of Armstrong Flooring in a research report on Monday, October 2nd. Finally, Nomura reiterated a “neutral” rating on shares of Armstrong Flooring in a research report on Tuesday, August 8th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$24.20.

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.

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

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