State of Wyoming Trims Position in Interface, Inc. $TILE

Key Points

• The State of Wyoming has reduced its stake in Interface, Inc. by 77.2%, now holding only 3,462 shares after selling 11,732 shares in the first quarter.
• Analysts have upgraded Interface to a "strong-buy" rating, with a consensus price target of $32.00, indicating positive future performance expectations.
• Interface recently announced a quarterly dividend of $0.02 per share, representing an annual yield of 0.3%, with the next payment scheduled for September 12th.

State of Wyoming cut its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 77.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,462 shares of the textile maker's stock after selling 11,732 shares during the quarter. State of Wyoming's holdings in Interface were worth $69,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Interface by 56.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker's stock worth $291,000 after purchasing an additional 5,299 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 purchasing an additional 71,476 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Interface in the 1st quarter valued at approximately $303,000. North Star Investment Management Corp. raised its position in shares of 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 purchasing an additional 15,000 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of 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 purchasing an additional 76,103 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Interface

In other Interface 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP James Poppens sold 5,000 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $26.14, for a total value of $130,700.00. Following the completion of the transaction, the vice president owned 124,616 shares in the company, 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. In the last 90 days, insiders have sold 109,497 shares of company stock worth $2,839,573. Corporate insiders own 2.30% of the company's stock.

Interface Price Performance

Shares of NASDAQ:TILE traded down $0.12 during midday trading on Friday, reaching $28.52. 500,552 shares of the company's stock traded hands, compared to its average volume of 377,332. Interface, Inc. has a 1 year low of $17.24 and a 1 year high of $28.68. The company has a market cap of $1.66 billion, a P/E ratio of 17.60, a PEG ratio of 1.12 and a beta of 2.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 2.88. The company has a fifty day simple moving average of $24.54 and a two-hundred day simple moving average of $21.42.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $375.52 million for the quarter, compared to analyst estimates of $360.57 million. Interface had a return on equity of 18.97% and a net margin of 7.08%.The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TILE shares. 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 reaffirmed an "outperform" rating and issued a $32.00 price objective on shares of Interface in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $32.00.

Interface Company 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.