Matthew 25 Management Corp Decreases Stake in Interface, Inc. $TILE

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Matthew 25 Management Corp trimmed its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,000 shares of the textile maker's stock after selling 54,000 shares during the period. Interface comprises 4.1% of Matthew 25 Management Corp's holdings, making the stock its 13th biggest holding. Matthew 25 Management Corp owned about 0.95% of Interface worth $11,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Interface by 56.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker's stock valued at $291,000 after buying an additional 5,299 shares during the period. Envestnet Asset Management Inc. boosted its position in Interface by 277.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 97,270 shares of the textile maker's stock valued at $1,930,000 after buying an additional 71,476 shares during the period. XTX Topco Ltd purchased a new stake in Interface in the 1st quarter valued at about $303,000. North Star Investment Management Corp. boosted its position in Interface by 9.9% in the 1st quarter. North Star Investment Management Corp. now owns 166,075 shares of the textile maker's stock valued at $3,295,000 after buying an additional 15,000 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its position in Interface by 28.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 343,102 shares of the textile maker's stock valued at $6,807,000 after buying an additional 76,103 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Stansfield Nigel sold 79,497 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 owned 65,125 shares of the company's stock, valued at $1,667,200. This represents a 54.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP James Poppens sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $26.14, for a total transaction of $130,700.00. Following the sale, the vice president directly owned 124,616 shares of the company's stock, valued at $3,257,462.24. The trade was a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,497 shares of company stock valued at $2,568,613 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Interface Stock Up 4.2%

Shares of TILE traded up $1.10 during mid-day trading on Friday, hitting $27.26. The company's stock had a trading volume of 396,356 shares, compared to its average volume of 430,229. The company's 50-day moving average is $22.61 and its 200-day moving average is $20.90. Interface, Inc. has a 52-week low of $17.24 and a 52-week high of $27.34. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.03 and a beta of 2.00. The company has a current ratio of 2.88, a quick ratio of 1.59 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 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.13. Interface had a net margin of 7.08% and a return on equity of 18.97%. The firm had revenue of $375.52 million during the quarter, compared to analysts' expectations of $360.57 million. During the same quarter in the prior year, the company earned $0.40 EPS. The company's revenue 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. On average, equities research analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The company also recently announced a 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 of this dividend is Friday, August 29th. Interface's dividend payout ratio is presently 2.47%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TILE. Wall Street Zen raised shares of Interface from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barrington Research boosted their price objective on shares of Interface from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target 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.