Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 48.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 519,170 shares of the company’s stock after purchasing an additional 168,447 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Floor & Decor were worth $26,374,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Floor & Decor by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after acquiring an additional 30,195 shares during the last quarter. Invesco Ltd. grew its stake in Floor & Decor by 290.8% during the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after purchasing an additional 444,290 shares during the last quarter. California Public Employees Retirement System grew its stake in Floor & Decor by 12.7% during the 2nd quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock valued at $10,644,000 after purchasing an additional 15,821 shares during the last quarter. State Street Corp increased its holdings in shares of Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after purchasing an additional 42,636 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Floor & Decor by 33.9% in the second quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock valued at $26,098,000 after purchasing an additional 87,013 shares during the period.
Floor & Decor Stock Performance
Shares of FND opened at $59.56 on Monday. The business’s 50-day moving average is $50.33 and its two-hundred day moving average is $58.45. The company has a market capitalization of $6.43 billion, a P/E ratio of 32.37, a P/E/G ratio of 5.13 and a beta of 1.62. Floor & Decor Holdings, Inc. has a fifty-two week low of $42.64 and a fifty-two week high of $92.40.
Insider Activity at Floor & Decor
In related news, CFO Bryan Langley purchased 2,500 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was bought at an average cost of $48.69 per share, with a total value of $121,725.00. Following the completion of the acquisition, the chief financial officer owned 42,016 shares of the company’s stock, valued at $2,045,759.04. The trade was a 6.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bradley Paulsen purchased 5,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was bought at an average cost of $50.25 per share, with a total value of $251,250.00. Following the completion of the acquisition, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at $4,271,752.50. This trade represents a 6.25% increase in their position. The SEC filing for this purchase provides additional information. 1.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $78.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Bank of America lowered Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 target price on the stock. in a research report on Friday, April 17th. Robert W. Baird set a $63.00 price target on shares of Floor & Decor in a report on Friday, May 1st. Citigroup reduced their price target on shares of Floor & Decor from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley restated a “positive” rating and set a $56.00 price objective on shares of Floor & Decor in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.17.
View Our Latest Research Report on Floor & Decor
About Floor & Decor
Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.
Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.
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