Kennedy Capital Management Inc. reduced its stake in shares of Armstrong Flooring Inc (NYSE:AFI) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 324,176 shares of the construction company’s stock after selling 56,461 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Armstrong Flooring were worth $5,485,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings 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 in the last quarter. Voya Investment Management LLC grew its holdings 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 in the last quarter. KBC Group NV grew its holdings 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 in the last quarter. Alambic Investment Management L.P. grew its holdings in shares of Armstrong Flooring by 2.6% during the 4th quarter. Alambic Investment Management L.P. now owns 187,328 shares of the construction company’s stock worth $3,170,000 after purchasing an additional 4,769 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Armstrong Flooring by 17.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 32,266 shares of the construction company’s stock worth $580,000 after purchasing an additional 4,883 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on AFI shares. TheStreet raised Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Zacks Investment Research lowered Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.33.
Armstrong Flooring (NYSE:AFI) last released its quarterly earnings data on Tuesday, March 6th. The construction company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.06. The business had revenue of $262.70 million for the quarter, compared to analyst estimates of $266.70 million. Armstrong Flooring had a positive return on equity of 0.97% and a negative net margin of 3.69%. Armstrong Flooring’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) earnings per share. equities analysts predict that Armstrong Flooring Inc will post 0.4 EPS for the current fiscal year.
WARNING: “Kennedy Capital Management Inc. Has $5.49 Million Stake in Armstrong Flooring Inc (AFI)” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://sportsperspectives.com/2018/03/11/kennedy-capital-management-inc-has-5-49-million-stake-in-armstrong-flooring-inc-afi.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.
Want to see what other hedge funds are holding AFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong Flooring Inc (NYSE:AFI).
Receive News & Ratings for Armstrong Flooring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring and related companies with MarketBeat.com's FREE daily email newsletter.