Voya Investment Management LLC Sells 19,134 Shares of Interface, Inc. (NASDAQ:TILE)

Voya Investment Management LLC reduced its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 30.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,350 shares of the textile maker's stock after selling 19,134 shares during the quarter. Voya Investment Management LLC owned 0.08% of Interface worth $1,080,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Venturi Wealth Management LLC raised its stake in Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after purchasing an additional 750 shares in the last quarter. Huntington National Bank purchased a new position in Interface in the fourth quarter worth $28,000. Smartleaf Asset Management LLC increased its stake in Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after acquiring an additional 546 shares during the last quarter. Principal Securities Inc. raised its position in Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after purchasing an additional 741 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Interface by 163.5% in the 4th quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock worth $58,000 after purchasing an additional 1,488 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Insider Activity

In other news, Director Daniel T. Hendrix sold 7,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company's stock.

Interface Trading Up 1.3 %

TILE traded up $0.27 on Friday, hitting $20.70. 286,297 shares of the company were exchanged, compared to its average volume of 509,877. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The firm has a fifty day simple moving average of $19.12 and a two-hundred day simple moving average of $22.14. The stock has a market capitalization of $1.21 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. Interface, Inc. has a 12 month low of $14.13 and a 12 month high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last issued its earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $297.41 million for the quarter, compared to the consensus estimate of $297.11 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. Sell-side analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date was Friday, March 28th. Interface's dividend payout ratio (DPR) is currently 2.76%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TILE shares. Barrington Research restated an "outperform" rating and issued a $30.00 target price on shares of Interface in a research report on Friday, May 2nd. StockNews.com raised shares of Interface from a "hold" rating to a "buy" rating in a report on Saturday.

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.