Kennedy Capital Management Inc. lowered its stake in shares of Armstrong Flooring, Inc. (NYSE:AFI) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 394,618 shares of the construction company’s stock after selling 69,917 shares during the quarter. Kennedy Capital Management Inc. owned approximately 1.43% of Armstrong Flooring worth $7,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its position in Armstrong Flooring by 138.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock valued at $158,000 after buying an additional 5,102 shares during the period. KBC Group NV boosted its position in Armstrong Flooring by 1.2% during the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after purchasing an additional 225 shares during the period. JPMorgan Chase & Co. boosted its position in Armstrong Flooring by 69.7% during the second quarter. JPMorgan Chase & Co. now owns 21,403 shares of the construction company’s stock worth $385,000 after purchasing an additional 8,789 shares during the period. Kirr Marbach & Co. LLC IN boosted its position in Armstrong Flooring by 47.6% during the second quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock worth $440,000 after purchasing an additional 7,900 shares during the period. Finally, IndexIQ Advisors LLC bought a new position in Armstrong Flooring during the second quarter worth about $462,000.

Armstrong Flooring, Inc. (NYSE:AFI) opened at 15.73 on Tuesday. The firm’s 50-day moving average is $15.46 and its 200-day moving average is $18.02. The company has a market cap of $426.05 million, a price-to-earnings ratio of 715.00 and a beta of 4.75. Armstrong Flooring, Inc. has a 12 month low of $13.55 and a 12 month high of $22.96.

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

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AFI has been the subject of a number of research reports. TheStreet lowered shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. Gabelli lowered shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Armstrong Flooring in a research report on Monday, August 7th. Nomura reiterated a “neutral” rating on shares of Armstrong Flooring in a research report on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Armstrong Flooring presently has an average rating of “Hold” and a consensus target price of $26.50.

Armstrong Flooring Profile

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

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