Northwestern Mutual Wealth Management Co. Has $392,000 Holdings in Interface, Inc. $TILE

Northwestern Mutual Wealth Management Co. grew its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 135.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,778 shares of the textile maker's stock after buying an additional 11,365 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Interface were worth $392,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TILE. Virtus Fund Advisers LLC bought a new position in shares of Interface in the fourth quarter worth $48,000. Versant Capital Management Inc increased its position in shares of Interface by 49.6% in the first quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock worth $49,000 after purchasing an additional 815 shares during the period. Bayesian Capital Management LP bought a new position in shares of Interface in the fourth quarter worth $217,000. PharVision Advisers LLC bought a new position in shares of Interface in the fourth quarter worth $223,000. Finally, Martingale Asset Management L P bought a new position in shares of Interface in the first quarter worth $260,000. Institutional investors own 98.34% of the company's stock.

Insider Activity

In other Interface news, 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 transaction of $673,750.00. Following the completion of the transaction, the chief financial officer owned 145,403 shares in the company, valued at approximately $3,918,610.85. This trade represents a 14.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stansfield Nigel sold 79,497 shares of the firm'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 transaction, the vice president owned 65,125 shares of the company's stock, valued at approximately $1,667,200. The trade was a 54.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,497 shares of company stock valued at $2,839,573. 2.60% of the stock is currently owned by corporate insiders.

Interface Trading Up 1.1%

Shares of TILE stock traded up $0.30 during mid-day trading on Friday, reaching $28.18. 341,491 shares of the stock traded hands, compared to its average volume of 362,897. The stock's fifty day simple moving average is $23.91 and its two-hundred day simple moving average is $21.16. Interface, Inc. has a 1-year low of $17.24 and a 1-year high of $28.32. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.11 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 quarterly earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.13. Interface had a return on equity of 18.97% and a net margin of 7.08%.The firm had revenue of $375.52 million for the quarter, compared to analyst estimates of $360.57 million. During the same period last year, the firm posted $0.40 earnings per share. The business's revenue for the quarter was up 8.3% on a year-over-year basis. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, August 29th. Interface's dividend payout ratio (DPR) is presently 4.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TILE. Wall Street Zen upgraded Interface from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barrington Research reaffirmed an "outperform" rating and issued a $32.00 price objective on shares of Interface in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $32.00.

Interface Profile

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.