Zacks Investment Research upgraded shares of Armstrong Flooring (NYSE:AFI) from a hold rating to a buy rating in a research note published on Tuesday, January 9th. They currently have $19.00 price objective on the construction company’s stock.
According to Zacks, “Armstrong Flooring, Inc. is engaged in the design and manufacture of flooring solutions primarily in North America. Armstrong Flooring, Inc. is headquatered in Lancaster, Pa. “
Several other research analysts also recently commented on AFI. SunTrust Banks reissued a hold rating and issued a $15.00 price target on shares of Armstrong Flooring in a report on Monday, October 2nd. TheStreet raised shares of Armstrong Flooring from a d+ rating to a c- rating in a report on Tuesday, November 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Armstrong Flooring has an average rating of Hold and a consensus price target of $23.33.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.07). Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The firm had revenue of $308.50 million during the quarter, compared to the consensus estimate of $294.68 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. equities research analysts anticipate that Armstrong Flooring will post 0.15 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of AFI. Oppenheimer Asset Management Inc. lifted its holdings in shares of Armstrong Flooring by 138.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock worth $158,000 after acquiring an additional 5,102 shares during the last quarter. Voya Investment Management LLC lifted its stake in Armstrong Flooring by 13.7% in the second 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. Citadel Advisors LLC bought a new stake in Armstrong Flooring in the second quarter worth $330,000. KBC Group NV lifted its stake in Armstrong Flooring by 17.7% in the third 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. Finally, The Manufacturers Life Insurance Company lifted its stake in Armstrong Flooring by 5.7% in the second 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. 98.53% of the stock is owned by institutional investors.
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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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