Intech Investment Management LLC Raises Stock Holdings in Interface, Inc. (NASDAQ:TILE)

Intech Investment Management LLC boosted its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 464.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 105,923 shares of the textile maker's stock after purchasing an additional 87,171 shares during the period. Intech Investment Management LLC owned approximately 0.18% of Interface worth $2,579,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in Interface in the 3rd quarter valued at about $1,138,000. Sanctuary Advisors LLC purchased a new stake in shares of Interface during the third quarter worth approximately $1,661,000. Amundi grew its position in Interface by 202.0% in the 4th quarter. Amundi now owns 34,408 shares of the textile maker's stock valued at $804,000 after buying an additional 23,013 shares during the last quarter. BNP Paribas Financial Markets raised its position in Interface by 13.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker's stock worth $561,000 after buying an additional 3,464 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Interface by 138.8% in the third quarter. FMR LLC now owns 95,215 shares of the textile maker's stock valued at $1,806,000 after acquiring an additional 55,345 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total value of $301,250.00. Following the sale, the director now owns 116,147 shares of the company's stock, valued at $2,799,142.70. This represents a 9.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 32,500 shares of company stock worth $748,125. 2.60% of the stock is owned by corporate insiders.

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Interface Price Performance

TILE traded up $0.60 on Monday, hitting $20.34. 475,791 shares of the company were exchanged, compared to its average volume of 489,137. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two 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. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. The business's fifty day moving average is $21.86 and its 200 day moving average is $22.09.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $335.00 million during the quarter, compared to the consensus estimate of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. As a group, sell-side analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have weighed in on TILE. StockNews.com lowered Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Barrington Research reiterated an "outperform" rating and issued a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th.

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.