Hotchkis & Wiley Capital Management LLC Trims Stock Position in Interface, Inc. $TILE

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Interface, Inc. by 36.2%, selling 115,190 shares in Q1, and now owns approximately 203,340 shares valued at $4,034,000.
• Institutional investors collectively own 98.34% of Interface's stock, showcasing significant institutional interest in the company.
• Interface recently announced a $0.02 dividend, to be paid on September 12th, with an ex-dividend date of August 29th, reflecting a payout ratio of 2.47%.

Hotchkis & Wiley Capital Management LLC lowered its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 36.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,340 shares of the textile maker's stock after selling 115,190 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.35% of Interface worth $4,034,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TILE. Sei Investments Co. grew its holdings in Interface by 0.9% in the first quarter. Sei Investments Co. now owns 64,897 shares of the textile maker's stock worth $1,288,000 after purchasing an additional 568 shares during the period. Versant Capital Management Inc boosted its stake in Interface by 49.6% in the first quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock valued at $49,000 after acquiring an additional 815 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Interface by 7.3% during the first quarter. New York State Common Retirement Fund now owns 16,184 shares of the textile maker's stock valued at $321,000 after purchasing an additional 1,100 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Interface by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,633 shares of the textile maker's stock worth $795,000 after acquiring an additional 1,123 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Interface by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,340 shares of the textile maker's stock worth $1,445,000 after acquiring an additional 1,483 shares during the period. Institutional investors own 98.34% of the company's stock.

Interface Stock Down 0.1%

Shares of TILE traded down $0.02 during trading hours on Friday, hitting $26.72. The company had a trading volume of 274,569 shares, compared to its average volume of 449,558. Interface, Inc. has a 52-week low of $17.24 and a 52-week high of $27.34. The firm has a fifty day moving average price of $23.14 and a 200-day moving average price of $21.00. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.06 and a beta of 2.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 2.88.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.13. The firm had revenue of $375.52 million during the quarter, compared to analyst estimates of $360.57 million. Interface had a net margin of 7.08% and a return on equity of 18.97%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 29th. Interface's dividend payout ratio (DPR) is 2.47%.

Insiders Place Their Bets

In related news, CFO Bruce Andrew Hausmann sold 25,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $26.95, for a total value of $673,750.00. Following the completion of the sale, the chief financial officer directly owned 145,403 shares in the company, valued at $3,918,610.85. This trade represents a 14.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stansfield Nigel sold 79,497 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.60, for a total transaction of $2,035,123.20. Following the completion of the sale, the vice president directly owned 65,125 shares in the company, valued at $1,667,200. This trade represents a 54.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,497 shares of company stock worth $2,839,573 in the last three months. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barrington Research reiterated an "outperform" rating and set a $32.00 price target on shares of Interface in a research report on Friday. Wall Street Zen upgraded shares of Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $32.00.

About Interface

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.