Interface, Inc. $TILE Holdings Lifted by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Interface, Inc. by 104.4% in the first quarter, acquiring an additional 110,597 shares, bringing its total ownership to approximately 0.37% of the company valued at $4.3 million.
• Insider selling has occurred recently, with CFO Bruce Andrew Hausmann and VP Stansfield Nigel selling a combined total of 104,497 shares, indicating a significant decrease in their holdings of the company's stock.
• Interface's stock price has shown a slight decline of 0.4%, with analysts maintaining a consensus rating of "Buy" and setting a price target of $32.00 per share.

Intech Investment Management LLC increased its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 104.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,520 shares of the textile maker's stock after acquiring an additional 110,597 shares during the period. Intech Investment Management LLC owned approximately 0.37% of Interface worth $4,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Asset Management Co. bought a new stake in Interface during the first quarter worth approximately $44,969,000. Nuveen LLC purchased a new stake in shares of Interface in the 1st quarter valued at approximately $15,505,000. Pacer Advisors Inc. purchased a new stake in shares of Interface in the 1st quarter valued at approximately $8,635,000. Nuveen Asset Management LLC lifted its position in Interface by 170.3% in the 4th quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker's stock worth $15,626,000 after buying an additional 404,277 shares in the last quarter. Finally, CW Advisors LLC purchased a new stake in Interface in the 1st quarter worth approximately $6,208,000. 98.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Interface

In related news, CFO Bruce Andrew Hausmann sold 25,000 shares of Interface stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total transaction of $673,750.00. Following the sale, the chief financial officer directly owned 145,403 shares of the company's stock, valued at approximately $3,918,610.85. The trade was a 14.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stansfield Nigel sold 79,497 shares of the business's stock in a transaction that occurred on 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 sale, the vice president directly owned 65,125 shares in the company, valued at $1,667,200. The trade was a 54.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,497 shares of company stock valued at $2,839,573 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

Interface Stock Down 0.4%

Shares of TILE stock opened at $28.52 on Friday. The firm has a fifty day moving average of $24.54 and a 200-day moving average of $21.41. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53. Interface, Inc. has a 12-month low of $17.24 and a 12-month high of $28.68. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.12 and a beta of 2.11.

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

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 29th. Interface's dividend payout ratio (DPR) is currently 4.94%.

Wall Street Analyst Weigh In

TILE has been the topic of several analyst reports. Wall Street Zen upgraded shares of Interface from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Barrington Research restated an "outperform" rating and issued a $32.00 price target on shares of Interface in a research report on Friday, August 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company 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.

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