Interface, Inc. (NASDAQ:TILE) Shares Sold by Voya Investment Management LLC

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

Several other institutional investors and hedge funds have also made changes to their positions in TILE. Barclays PLC raised its stake in Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock worth $4,873,000 after acquiring an additional 224,395 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Interface by 3.7% during the third quarter. Franklin Resources Inc. now owns 89,576 shares of the textile maker's stock worth $1,735,000 after purchasing an additional 3,202 shares during the period. JPMorgan Chase & Co. boosted its position in Interface by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 129,264 shares of the textile maker's stock valued at $2,452,000 after buying an additional 23,447 shares during the last quarter. GAMMA Investing LLC boosted its position in Interface by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker's stock valued at $94,000 after buying an additional 578 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in Interface by 26.2% in the 4th quarter. Diversified Trust Co now owns 13,223 shares of the textile maker's stock worth $322,000 after buying an additional 2,742 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Daniel T. Hendrix sold 7,500 shares of Interface 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 sale, the director now owns 96,147 shares in the company, valued at $1,918,132.65. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

Interface Stock Performance

TILE traded up $0.44 on Monday, reaching $21.10. The stock had a trading volume of 23,982 shares, compared to its average volume of 508,416. The business's 50-day moving average price is $19.12 and its two-hundred day moving average price is $22.20. The company has a market cap of $1.23 billion, a P/E ratio of 14.78, 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. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

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

Interface Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. Interface's dividend payout ratio is currently 2.76%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barrington Research restated an "outperform" rating and set a $30.00 price objective on shares of Interface in a research note 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.