Barrow Hanley Mewhinney & Strauss LLC Reduces Stock Position in Interface, Inc. (NASDAQ:TILE)

Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,754,223 shares of the textile maker's stock after selling 118,255 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.72% of Interface worth $67,065,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. 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 worth $27,000 after buying an additional 750 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after acquiring an additional 546 shares during the period. Principal Securities Inc. raised its position in shares of Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after acquiring an additional 741 shares in the last quarter. Quarry LP lifted its stake in shares of Interface by 499.5% in the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker's stock valued at $47,000 after purchasing an additional 2,063 shares during the period. Finally, US Bancorp DE boosted its position in shares of Interface by 163.5% during the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock valued at $58,000 after purchasing an additional 1,488 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

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Insider Transactions at Interface

In other news, Director Daniel T. Hendrix sold 7,500 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now directly owns 96,147 shares of the company's stock, valued at $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 32,500 shares of company stock worth $748,125. Corporate insiders own 2.60% of the company's stock.

Interface Stock Up 0.2 %

Shares of Interface stock traded up $0.03 during midday trading on Tuesday, hitting $19.87. The company had a trading volume of 420,759 shares, compared to its average volume of 515,001. The company has a 50 day moving average of $21.43 and a 200 day moving average of $22.18. The stock has a market capitalization of $1.16 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.96 and a beta of 2.18. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The firm had revenue of $335.00 million for the quarter, compared to analysts' expectations of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.01 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. Interface's dividend payout ratio is presently 2.72%.

Analyst Ratings Changes

TILE has been the subject of several recent research reports. Barrington Research reissued an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

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.