Armstrong Flooring, Inc. (AFI) Position Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in Armstrong Flooring, Inc. (NYSE:AFI) by 28.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 548,664 shares of the construction company’s stock after selling 222,483 shares during the period. Russell Investments Group Ltd. owned 2.03% of Armstrong Flooring worth $8,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Armstrong Flooring by 4.7% in the second quarter. Vanguard Group Inc. now owns 1,920,541 shares of the construction company’s stock valued at $34,511,000 after purchasing an additional 86,896 shares during the period. Dimensional Fund Advisors LP raised its position in Armstrong Flooring by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,652,697 shares of the construction company’s stock valued at $29,699,000 after purchasing an additional 217,579 shares during the period. Gamco Investors INC. ET AL raised its position in Armstrong Flooring by 12.4% in the third quarter. Gamco Investors INC. ET AL now owns 1,530,905 shares of the construction company’s stock valued at $24,112,000 after purchasing an additional 169,315 shares during the period. River Road Asset Management LLC purchased a new stake in Armstrong Flooring in the second quarter valued at approximately $26,898,000. Finally, Epoch Investment Partners Inc. raised its position in Armstrong Flooring by 2.6% in the second quarter. Epoch Investment Partners Inc. now owns 1,039,828 shares of the construction company’s stock valued at $18,685,000 after purchasing an additional 26,641 shares during the period. Hedge funds and other institutional investors own 98.53% of the company’s stock.

A number of analysts have issued reports on AFI shares. SunTrust Banks reissued a “hold” rating and issued a $15.00 target price on shares of Armstrong Flooring in a research report on Monday, October 2nd. TheStreet raised Armstrong Flooring from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research lowered Armstrong Flooring from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.20.

Shares of Armstrong Flooring, Inc. (AFI) opened at $16.77 on Thursday. Armstrong Flooring, Inc. has a 12-month low of $13.32 and a 12-month high of $22.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 2.66. The firm has a market capitalization of $434.76, a price-to-earnings ratio of 70.42 and a beta of 4.89.

Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings data on Monday, November 6th. The construction company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Armstrong Flooring had a positive return on equity of 1.06% and a negative net margin of 2.40%. The company had revenue of $308.50 million for the quarter, compared to analysts’ expectations of $294.68 million. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. research analysts forecast that Armstrong Flooring, Inc. will post 0.15 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thelincolnianonline.com/2017/12/07/armstrong-flooring-inc-afi-position-reduced-by-russell-investments-group-ltd.html.

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)

Receive News & Ratings for Armstrong Flooring Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply