Armstrong Flooring (NYSE:AFI) has received an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $25.50.
Separately, Zacks Investment Research cut Armstrong Flooring from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th.
AFI stock traded down $0.32 on Friday, hitting $13.63. 51,306 shares of the company’s stock were exchanged, compared to its average volume of 111,009. Armstrong Flooring has a 12-month low of $12.91 and a 12-month high of $20.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.58 and a quick ratio of 1.02. The company has a market cap of $355.52, a price-to-earnings ratio of 65.62, a price-to-earnings-growth ratio of 1.58 and a beta of 2.27.
Several hedge funds have recently bought and sold shares of AFI. Dimensional Fund Advisors LP lifted its holdings in Armstrong Flooring by 10.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,819,201 shares of the construction company’s stock valued at $28,653,000 after acquiring an additional 166,504 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Armstrong Flooring by 5.0% in the third quarter. Nationwide Fund Advisors now owns 184,167 shares of the construction company’s stock valued at $2,901,000 after buying an additional 8,844 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Armstrong Flooring by 54.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 202,396 shares of the construction company’s stock valued at $3,188,000 after buying an additional 71,546 shares during the last quarter. Spark Investment Management LLC purchased a new position in Armstrong Flooring in the fourth quarter valued at $3,903,000. Finally, California Public Employees Retirement System increased its holdings in Armstrong Flooring by 34.5% in the third quarter. California Public Employees Retirement System now owns 81,051 shares of the construction company’s stock valued at $1,277,000 after buying an additional 20,801 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.
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About Armstrong Flooring
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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