Voya Investment Management LLC Raises Position in Interface, Inc. $TILE

Key Points

• Voya Investment Management LLC increased its stake in Interface, Inc. by 35.3%, owning approximately $1.19 million worth of shares after purchasing an additional 15,638 shares.
• Interface, Inc. reported a 10% increase in quarterly revenue year-over-year, totaling $375.52 million, and earnings per share of $0.60, surpassing expectations of $0.47.
• The company recently declared a quarterly dividend of $0.02 per share, with a dividend yield of 0.3%, indicating a 4.94% payout ratio.

Voya Investment Management LLC boosted its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 35.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,988 shares of the textile maker's stock after purchasing an additional 15,638 shares during the period. Voya Investment Management LLC owned about 0.10% of Interface worth $1,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TILE. Inspire Investing LLC raised its position in shares of Interface by 5.6% during the 1st quarter. Inspire Investing LLC now owns 17,372 shares of the textile maker's stock worth $345,000 after purchasing an additional 928 shares during the period. Strs Ohio bought a new position in Interface during the 1st quarter valued at $488,000. Intech Investment Management LLC boosted its stake in Interface by 104.4% during the 1st quarter. Intech Investment Management LLC now owns 216,520 shares of the textile maker's stock valued at $4,296,000 after purchasing an additional 110,597 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Interface by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker's stock worth $3,015,000 after acquiring an additional 9,580 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Interface by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker's stock worth $14,854,000 after acquiring an additional 42,011 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Interface Stock Down 0.7%

Shares of NASDAQ TILE opened at $29.53 on Wednesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.17 and a beta of 2.11. The company has a 50-day moving average price of $25.64 and a 200-day moving average price of $21.93. Interface, Inc. has a 1 year low of $17.24 and a 1 year high of $30.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59.

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. Interface had a net margin of 7.08% and a return on equity of 18.97%. The firm had revenue of $375.52 million for the quarter, compared to analysts' expectations of $360.57 million. During the same period in the previous year, the company earned $0.40 earnings per share. The company's quarterly revenue 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, equities research analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

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

Insider Transactions at Interface

In other news, VP Stansfield Nigel sold 79,497 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.60, for a total value 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 approximately $1,667,200. This represents a 54.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James Poppens sold 5,000 shares of the company's stock in a transaction 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 completion of the sale, the vice president directly owned 124,616 shares of the company's stock, valued at $3,257,462.24. This trade represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,497 shares of company stock valued at $2,839,573 in the last quarter. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TILE shares. Barrington Research reaffirmed an "outperform" rating and issued a $32.00 target price on shares of Interface in a research report on Friday, August 29th. Wall Street Zen upgraded Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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.

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