JPMorgan Chase & Co. Has $429,000 Holdings in Armstrong Flooring Inc (AFI)

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JPMorgan Chase & Co. trimmed its position in shares of Armstrong Flooring Inc (NYSE:AFI) by 33.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,725 shares of the construction company’s stock after selling 12,171 shares during the quarter. JPMorgan Chase & Co. owned 0.09% of Armstrong Flooring worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Armstrong Flooring by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,148,742 shares of the construction company’s stock worth $30,168,000 after acquiring an additional 55,666 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Armstrong Flooring by 1.9% in the 2nd quarter. BlackRock Inc. now owns 1,597,941 shares of the construction company’s stock worth $22,434,000 after buying an additional 29,526 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Armstrong Flooring by 81.9% in the 2nd quarter. Renaissance Technologies LLC now owns 436,022 shares of the construction company’s stock worth $6,122,000 after buying an additional 196,322 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Armstrong Flooring by 13.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 377,796 shares of the construction company’s stock worth $5,305,000 after buying an additional 45,810 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Armstrong Flooring by 10.7% in the 2nd quarter. Raymond James & Associates now owns 173,409 shares of the construction company’s stock worth $2,435,000 after buying an additional 16,756 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on AFI shares. Zacks Investment Research downgraded shares of Armstrong Flooring from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Nomura set a $15.00 price target on shares of Armstrong Flooring and gave the stock a “hold” rating in a report on Monday, December 17th. Zelman & Associates downgraded shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a report on Monday, November 26th. 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 report on Friday, November 16th. Finally, Macquarie set a $18.00 price target on shares of Armstrong Flooring and gave the stock a “hold” rating in a report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.80.

NYSE AFI opened at $12.84 on Friday. The stock has a market cap of $347.12 million, a price-to-earnings ratio of 61.14, a price-to-earnings-growth ratio of 1.91 and a beta of 2.33. Armstrong Flooring Inc has a 52 week low of $11.39 and a 52 week high of $20.46. The company has a current ratio of 2.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17.

Armstrong Flooring (NYSE:AFI) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.13. The business had revenue of $309.70 million for the quarter, compared to the consensus estimate of $313.82 million. Armstrong Flooring had a negative net margin of 1.12% and a positive return on equity of 2.71%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, analysts anticipate that Armstrong Flooring Inc will post 0.35 earnings per share for the current fiscal year.

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

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