Armstrong Flooring, Inc. (NYSE:AFI) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.68 and last traded at $13.68, with a volume of 448,897 shares trading hands. The stock had previously closed at $13.96.

Several brokerages have commented on AFI. Nomura restated a “neutral” rating on shares of Armstrong Flooring in a research report on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $20.00 price objective on shares of Armstrong Flooring in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Gabelli downgraded shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.50.

The company’s 50-day moving average is $16.98 and its 200 day moving average is $18.77. The stock has a market capitalization of $370.52 million, a price-to-earnings ratio of 621.82 and a beta of 4.45.

Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Monday, August 7th. The construction company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.12. Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The firm had revenue of $297.30 million during the quarter, compared to the consensus estimate of $324.63 million. Armstrong Flooring’s revenue for the quarter was down 8.2% on a year-over-year basis. Analysts anticipate that Armstrong Flooring, Inc. will post $0.24 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kirr Marbach & Co. LLC IN increased its position in shares of Armstrong Flooring by 47.6% in the second quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock valued at $440,000 after buying an additional 7,900 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Armstrong Flooring by 46.9% in the second quarter. Russell Investments Group Ltd. now owns 771,147 shares of the construction company’s stock valued at $13,856,000 after buying an additional 246,357 shares during the last quarter. Strs Ohio increased its position in shares of Armstrong Flooring by 1.9% in the second quarter. Strs Ohio now owns 37,700 shares of the construction company’s stock valued at $677,000 after buying an additional 700 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Armstrong Flooring during the second quarter valued at approximately $742,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Armstrong Flooring by 40.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,850 shares of the construction company’s stock valued at $2,352,000 after buying an additional 37,543 shares during the last quarter.

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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.

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