California Public Employees Retirement System Purchases 19,233 Shares of Armstrong Flooring Inc (AFI)

California Public Employees Retirement System lifted its position in shares of Armstrong Flooring Inc (NYSE:AFI) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,284 shares of the construction company’s stock after acquiring an additional 19,233 shares during the quarter. California Public Employees Retirement System owned approximately 0.39% of Armstrong Flooring worth $1,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted 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 valued at $351,000 after acquiring an additional 1,056 shares in the last quarter. KBC Group NV boosted 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 valued at $346,000 after acquiring an additional 3,303 shares in the last quarter. Alambic Investment Management L.P. boosted 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 valued at $3,170,000 after acquiring an additional 4,769 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Armstrong Flooring by 0.7% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,046,879 shares of the construction company’s stock valued at $16,489,000 after acquiring an additional 7,051 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in shares of Armstrong Flooring by 5.0% during the 3rd quarter. Nationwide Fund Advisors now owns 184,167 shares of the construction company’s stock valued at $2,901,000 after acquiring an additional 8,844 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

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AFI has been the topic of several recent research reports. TheStreet raised Armstrong Flooring from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th. Zacks Investment Research raised Armstrong Flooring from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.33.

Armstrong Flooring stock opened at $13.43 on Friday. The stock has a market capitalization of $359.90, a price-to-earnings ratio of -8.50, a P/E/G ratio of 1.60 and a beta of 2.52. The company has a current ratio of 2.58, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Armstrong Flooring Inc has a 12-month low of $13.10 and a 12-month high of $20.20.

Armstrong Flooring (NYSE:AFI) last announced its earnings results on Tuesday, March 6th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.06. The business had revenue of $262.70 million during 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 for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company earned ($0.09) EPS. equities research analysts anticipate that Armstrong Flooring Inc will post 0.4 earnings per share for the current year.

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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.

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

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