Macquarie Group Ltd. decreased its holdings in Armstrong Flooring Inc (NYSE:AFI) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,032 shares of the construction company’s stock after selling 11,700 shares during the period. Macquarie Group Ltd. owned about 0.11% of Armstrong Flooring worth $525,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of AFI. Man Group plc increased its holdings in shares of Armstrong Flooring by 1,467.2% in the 3rd quarter. Man Group plc now owns 250,636 shares of the construction company’s stock worth $4,537,000 after purchasing an additional 234,643 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Armstrong Flooring by 81.9% in the 2nd quarter. Renaissance Technologies LLC now owns 436,022 shares of the construction company’s stock worth $6,122,000 after purchasing an additional 196,322 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Armstrong Flooring by 11.4% in the 3rd quarter. BlackRock Inc. now owns 1,779,944 shares of the construction company’s stock worth $32,217,000 after purchasing an additional 182,003 shares in the last quarter. Algert Global LLC increased its holdings in shares of Armstrong Flooring by 379.3% in the 3rd quarter. Algert Global LLC now owns 177,639 shares of the construction company’s stock worth $3,215,000 after purchasing an additional 140,573 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Armstrong Flooring in the 3rd quarter worth $1,387,000. 97.79% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Gabelli upgraded Armstrong Flooring from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, November 16th. Zelman & Associates downgraded Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. Nomura set a $15.00 price target on Armstrong Flooring and gave the stock a “hold” rating in a research note on Monday, December 17th. Macquarie set a $18.00 price target on Armstrong Flooring and gave the stock a “hold” rating in a research note on Friday, September 14th. Finally, Zacks Investment Research downgraded Armstrong Flooring from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.80.
Armstrong Flooring (NYSE:AFI) last released its earnings results on Tuesday, November 6th. The construction company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.13. The company had revenue of $309.70 million for the quarter, compared to the consensus estimate of $313.82 million. Armstrong Flooring had a positive return on equity of 2.71% and a negative net margin of 1.12%. Armstrong Flooring’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts expect that Armstrong Flooring Inc will post 0.35 earnings per share for the current fiscal year.
Armstrong Flooring Profile
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.
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