Wells Fargo & Company MN Sells 136,736 Shares of Armstrong Flooring Inc (AFI)
Wells Fargo & Company MN lowered its position in Armstrong Flooring Inc (NYSE:AFI) by 26.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 376,235 shares of the construction company’s stock after selling 136,736 shares during the period. Wells Fargo & Company MN owned 1.46% of Armstrong Flooring worth $5,926,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AFI. Oppenheimer Asset Management Inc. raised its stake in shares of Armstrong Flooring by 138.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock worth $158,000 after purchasing an additional 5,102 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Armstrong Flooring by 13.7% in the second quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock worth $231,000 after purchasing an additional 1,551 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Armstrong Flooring in the second quarter worth approximately $330,000. KBC Group NV raised its stake in shares of Armstrong Flooring by 1.2% in the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after purchasing an additional 225 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Armstrong Flooring by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock worth $351,000 after purchasing an additional 1,056 shares during the last quarter. Institutional investors and hedge funds own 98.53% of the company’s stock.
Shares of Armstrong Flooring Inc (AFI) opened at $17.26 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $435.27, a P/E ratio of -17.09 and a beta of 4.92. Armstrong Flooring Inc has a 52-week low of $13.32 and a 52-week high of $22.96.
Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.07). The business had revenue of $308.50 million for the quarter, compared to analysts’ expectations of $294.68 million. Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. research analysts anticipate that Armstrong Flooring Inc will post 0.15 EPS for the current fiscal year.
Several analysts have recently commented on AFI shares. TheStreet raised Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Zacks Investment Research raised Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks reissued a “hold” rating and issued a $15.00 price objective on shares of Armstrong Flooring in a research note on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.20.
Armstrong Flooring 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.
Receive News & Ratings for Armstrong Flooring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring and related companies with MarketBeat.com's FREE daily email newsletter.