Schwab Charles Investment Management Inc. increased its holdings in shares of Armstrong Flooring Inc (NYSE:AFI) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 254,357 shares of the construction company’s stock after purchasing an additional 51,961 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.99% of Armstrong Flooring worth $4,304,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Voya Investment Management LLC increased its position in shares of Armstrong Flooring by 13.7% during the 2nd 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. KBC Group NV increased its position in shares of Armstrong Flooring by 17.7% during the 3rd quarter. KBC Group NV now owns 21,966 shares of the construction company’s stock worth $346,000 after purchasing an additional 3,303 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Armstrong Flooring by 5.7% during the 2nd 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. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Armstrong Flooring during the 3rd quarter worth about $439,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Armstrong Flooring during the 3rd quarter worth about $459,000. 97.25% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on AFI shares. TheStreet upgraded Armstrong Flooring from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th. Zacks Investment Research upgraded Armstrong Flooring from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.33.
Armstrong Flooring (NYSE:AFI) last announced its earnings results on Tuesday, March 6th. The construction company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. Armstrong Flooring had a positive return on equity of 0.97% and a negative net margin of 3.69%. The company had revenue of $262.70 million during the quarter, compared to analysts’ expectations of $266.70 million. During the same period last year, the business posted ($0.09) EPS. Armstrong Flooring’s revenue for the quarter was down 3.3% on a year-over-year basis. equities analysts anticipate that Armstrong Flooring Inc will post 0.4 earnings per share for the current fiscal 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.
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