Epoch Investment Partners Inc. Boosts Holdings in Armstrong Flooring, Inc. (AFI)

Epoch Investment Partners Inc. boosted its holdings in Armstrong Flooring, Inc. (NYSE:AFI) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,046,879 shares of the construction company’s stock after purchasing an additional 7,051 shares during the period. Epoch Investment Partners Inc. owned about 4.07% of Armstrong Flooring worth $16,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. OxFORD Asset Management LLP raised its stake in Armstrong Flooring by 117.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 56,477 shares of the construction company’s stock worth $891,000 after purchasing an additional 30,466 shares in the last quarter. KBC Group NV raised its position in shares of Armstrong Flooring by 17.7% in the 3rd quarter. KBC Group NV now owns 21,966 shares of the construction company’s stock valued at $346,000 after buying an additional 3,303 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Armstrong Flooring by 10.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,819,201 shares of the construction company’s stock valued at $28,653,000 after buying an additional 166,504 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Armstrong Flooring by 54.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 202,396 shares of the construction company’s stock valued at $3,188,000 after buying an additional 71,546 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Armstrong Flooring by 636.2% during the 3rd quarter. Citadel Advisors LLC now owns 135,223 shares of the construction company’s stock valued at $2,130,000 after purchasing an additional 116,856 shares during the last quarter. 98.53% of the stock is owned by institutional investors and hedge funds.

AFI has been the topic of several research reports. Zacks Investment Research raised shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. SunTrust Banks reissued a “hold” rating and set a $15.00 target price on shares of Armstrong Flooring in a report on Friday, November 3rd. Finally, TheStreet raised shares of Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Five 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 price target of $24.20.

Armstrong Flooring, Inc. (NYSE AFI) traded down $0.31 on Friday, reaching $16.92. 148,578 shares of the company’s stock traded hands, compared to its average volume of 183,478. Armstrong Flooring, Inc. has a 1 year low of $13.32 and a 1 year 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 $443.24, a P/E ratio of -16.75 and a beta of 4.89.

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

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Armstrong Flooring Company 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.

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

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