Oppenheimer Asset Management Inc. reduced its position in shares of Armstrong Flooring Inc (NYSE:AFI) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,526 shares of the construction company’s stock after selling 5,059 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Armstrong Flooring were worth $77,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in shares of Armstrong Flooring during the fourth quarter valued at approximately $25,000. Assenagon Asset Management S.A. purchased a new position in shares of Armstrong Flooring during the fourth quarter valued at approximately $303,000. Strs Ohio lifted its stake in shares of Armstrong Flooring by 11.5% during the fourth quarter. Strs Ohio now owns 43,500 shares of the construction company’s stock valued at $515,000 after buying an additional 4,500 shares during the period. Bank of Montreal Can lifted its stake in shares of Armstrong Flooring by 757.6% during the fourth quarter. Bank of Montreal Can now owns 9,048 shares of the construction company’s stock valued at $108,000 after buying an additional 7,993 shares during the period. Finally, Marquette Asset Management LLC raised its stake in Armstrong Flooring by 7.3% during the fourth quarter. Marquette Asset Management LLC now owns 19,954 shares of the construction company’s stock worth $236,000 after purchasing an additional 1,359 shares during the period. 98.40% of the stock is owned by institutional investors and hedge funds.
NYSE:AFI opened at $14.76 on Thursday. The company has a current ratio of 2.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $376.05 million, a price-to-earnings ratio of 70.29, a P/E/G ratio of 2.08 and a beta of 2.28. Armstrong Flooring Inc has a fifty-two week low of $11.39 and a fifty-two week high of $20.46.
A number of equities analysts have weighed in on AFI shares. Zacks Investment Research raised shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, January 11th. Gabelli raised shares of 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. Nomura set a $14.00 price target on shares of Armstrong Flooring and gave the stock a “hold” rating in a research note on Monday, January 14th. Finally, Zelman & Associates downgraded shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. One investment analyst has rated the stock with a sell rating, five have given 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 $17.60.
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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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