Armstrong Flooring Inc (AFI) Holdings Trimmed by River Road Asset Management LLC

River Road Asset Management LLC lessened its position in shares of Armstrong Flooring Inc (NYSE:AFI) by 19.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,179,160 shares of the construction company’s stock after selling 275,893 shares during the quarter. River Road Asset Management LLC’s holdings in Armstrong Flooring were worth $19,951,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans increased its position in Armstrong Flooring by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 35,640 shares of the construction company’s stock valued at $640,000 after purchasing an additional 920 shares during the period. The Manufacturers Life Insurance Company increased its position in 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 valued at $351,000 after purchasing an additional 1,056 shares during the period. Voya Investment Management LLC increased its position in Armstrong Flooring by 13.7% during the 2nd quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock valued at $231,000 after purchasing an additional 1,551 shares during the period. Teachers Advisors LLC grew its position in shares of Armstrong Flooring by 7.0% during the 2nd quarter. Teachers Advisors LLC now owns 42,786 shares of the construction company’s stock worth $769,000 after buying an additional 2,810 shares during the period. Finally, KBC Group NV grew 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 buying an additional 3,303 shares during the period. 98.70% of the stock is owned by institutional investors and hedge funds.

Shares of Armstrong Flooring Inc (AFI) opened at $14.45 on Friday. Armstrong Flooring Inc has a 52-week low of $13.32 and a 52-week high of $22.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.66 and a quick ratio of 0.98. The stock has a market cap of $380.73, a price-to-earnings ratio of -14.31 and a beta of 2.80.

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

Several analysts have recently commented on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $15.00 price objective on shares of Armstrong Flooring in a research report on Friday, November 3rd. TheStreet raised shares of Armstrong Flooring from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research raised shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.33.

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

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