Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Interface, Inc. $TILE

Northwestern Mutual Wealth Management Co. grew its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 135.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 19,778 shares of the textile maker's stock after acquiring an additional 11,365 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Interface were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Sei Investments Co. lifted its position in shares of Interface by 0.9% during the 1st quarter. Sei Investments Co. now owns 64,897 shares of the textile maker's stock valued at $1,288,000 after acquiring an additional 568 shares during the period. Versant Capital Management Inc lifted its position in shares of Interface by 49.6% during the 1st 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 period. New York State Common Retirement Fund lifted its position in shares of Interface by 7.3% during the 1st quarter. New York State Common Retirement Fund now owns 16,184 shares of the textile maker's stock valued at $321,000 after acquiring an additional 1,100 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Interface by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,633 shares of the textile maker's stock valued at $795,000 after acquiring an additional 1,123 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 buying an additional 1,483 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Insider Activity at Interface

In other Interface news, VP James Poppens sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $26.14, for a total value of $130,700.00. Following the completion of the sale, the vice president owned 124,616 shares of the company's stock, valued at approximately $3,257,462.24. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 of the company's stock, valued at $3,918,610.85. This trade represents a 14.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,497 shares of company stock worth $2,839,573 in the last 90 days. Corporate insiders own 2.30% of the company's stock.

Interface Trading Up 1.1%

Shares of NASDAQ TILE traded up $0.30 during trading on Friday, reaching $28.18. The company had a trading volume of 341,491 shares, compared to its average volume of 364,210. The company's fifty day moving average price is $23.91 and its 200-day moving average price is $21.18. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $28.32. The stock has a market cap of $1.64 billion, a P/E ratio of 17.40, a PEG ratio of 1.09 and a beta of 2.11. 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 (NASDAQ:TILE - Get Free Report) last announced its earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. Interface had a return on equity of 18.97% and a net margin of 7.08%.The company had revenue of $375.52 million for the quarter, compared to analyst estimates of $360.57 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current 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 given a dividend of $0.02 per share. The ex-dividend date is Friday, August 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.3%. Interface's dividend payout ratio is presently 4.94%.

Analysts Set New Price Targets

TILE has been the subject of a number of research analyst reports. Barrington Research reissued an "outperform" rating and set a $32.00 price target on shares of Interface in a report on Friday, August 29th. Wall Street Zen raised Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.