Jacobs Levy Equity Management Inc. increased its holdings in Armstrong Flooring Inc (NYSE:AFI) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,839 shares of the construction company’s stock after buying an additional 79,662 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.60% of Armstrong Flooring worth $1,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Armstrong Flooring by 66.2% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 2,480,044 shares of the construction company’s stock worth $10,590,000 after buying an additional 987,670 shares during the last quarter. State Street Corp boosted its holdings in shares of Armstrong Flooring by 5.1% in the fourth quarter. State Street Corp now owns 478,960 shares of the construction company’s stock worth $2,045,000 after buying an additional 23,228 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Armstrong Flooring by 41.0% in the fourth quarter. Renaissance Technologies LLC now owns 445,649 shares of the construction company’s stock worth $1,903,000 after buying an additional 129,683 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Armstrong Flooring by 103.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 316,898 shares of the construction company’s stock worth $1,353,000 after buying an additional 161,426 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Armstrong Flooring by 421.4% in the fourth quarter. Acadian Asset Management LLC now owns 251,946 shares of the construction company’s stock worth $1,076,000 after buying an additional 203,626 shares during the last quarter. 92.55% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on AFI. Nomura dropped their price objective on shares of Armstrong Flooring from to in a report on Tuesday, March 10th. Zacks Investment Research upgraded shares of Armstrong Flooring from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Armstrong Flooring presently has a consensus rating of “Hold” and a consensus price target of $8.44.

NYSE AFI opened at $2.10 on Thursday. Armstrong Flooring Inc has a 12 month low of $1.12 and a 12 month high of $15.10. The stock has a market cap of $46.91 million, a price-to-earnings ratio of -0.79 and a beta of 2.12. The company’s 50 day moving average is $2.73 and its two-hundred day moving average is $4.43. The company has a current ratio of 1.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17.

Armstrong Flooring (NYSE:AFI) last released its earnings results on Tuesday, March 3rd. The construction company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.20). Armstrong Flooring had a negative return on equity of 11.73% and a negative net margin of 9.34%. The firm had revenue of $141.30 million for the quarter, compared to the consensus estimate of $138.40 million.

In related news, CEO Michel Vermette acquired 89,581 shares of Armstrong Flooring stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of $1.86 per share, for a total transaction of $166,620.66. Following the completion of the transaction, the chief executive officer now directly owns 112,861 shares in the company, valued at approximately $209,921.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Armstrong Flooring Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.

Further Reading: Price-Sales Ratio

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

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